Husband and Wife,who Live in a Common Law State,are Eligible
Husband and wife,who live in a common law state,are eligible to file a joint return for 2014,but elect to file separately.They do not have dependents.Wife has adjusted gross income of $25,000 and has $2,200 of expenditures which qualify as itemized deductions.She is entitled to one exemption.Husband deducts itemized deductions of $11,200.What is the taxable income for the wife?
Lewis,who is single,is claimed as a dependent on his parents' tax return.He received $2,000 during the year in dividends,which was his only income.What is his standard deduction?
Charlie is claimed as a dependent on his parents' tax return in 2014.He received $8,000 during the year from a part-time acting job,which was his only income.What is his standard deduction?
Deborah,who is single,is claimed as a dependent on her parents' tax return.She had a part-time job during 2014 and earned $850 during the year,which was her only income.What is her standard deduction?