Jerry Jenkins is over 65 years of age and has no dependents. His only income was his salary of $10,500. During the year, he made only a nominal amount of disbursements of the type that qualify as itemized deductions of $3,290. What is his standard deduction for 2012?
A) $5,950
B) $3,800
C) $7,400
D) $3,290
E) None of the above

Question

Quizplus · Accepted Answer

The standard deduction for a single person over 65 is $7,400, the 2012 basic deduction of $5,950 plus the additional standard deduction of $1,450 for age

Jerry Jenkins Is Over 65 Years of Age and Has