Alicia age 27 is a single full-time college student she


Problem - The Tax Formula for Individuals, Filing Status and Tax Computation, Personal and Dependency Exemptions

Alicia (age 27) is a single, full-time college student. She earns $13,200 from a part-time job and has taxable interest income of $1,450. Her itemized deductions are $845.

Table for the standard deduction Filing Status 2017 Standard Deduction Single $ 6,350 Married, filing jointly 12,700 Married, filing separately 6,350 Head of household 9,350 Qualifying widow(er) 12,700

Calculate Alicia's taxable income for 2017.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Alicia age 27 is a single full-time college student she
Reference No:- TGS02902355

Now Priced at $25 (50% Discount)

Recommended (93%)

Rated (4.5/5)