Question

STU dividends income and $3,120 in wages from a part-time job. b. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woodys is 69. Their taxable retirement income is $16,460. c. Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is $300, and her interest income is $785.

Answer 1

a) 3,4970 As under standard deduction, a person who is dependent will eligible for standard deduction for camount which is greater of 1100 or earned Income +350 as pes 2019. gue a rat a t • Eoinedincome +350 Adidas = 3,120 +350 =$3,470 b) 27,000 under standud deduction, the persons movied & filing a joint dax reton , and also older Cabove 65 yrs of age Both are) were eligible to get additional 1300 each person with a normal standa deduction of 24,200 (For Married filing Jointly = 24, 400 1300 +1300 =$27000

.) 2750 Under standard deduction 2019, a person who is finala and elder but a dependent on others is eligible to get additonal $1650 (as age is above 65yrs: 1 unmauled taxpacer) with a normal stardad deduction which is greater of 1100 (68) Carned income tin fained Income +350 Cor) 1100 = 300+350 Cool 1100 = 650 Cool 1100 Carecter from Bote) As 100 is greater one here, Now, the standaard de doction : 1100 + 1650 Cadditical =$2750 as ventioned above] As frazier is not eligible for standard deduction ! as his wife Emma itemizes her deductions and both filing a separate retorn. So, frazier must also itemize his deductions as he is not eligible for standard deduction.