Chris Crone (age 67) is married, but will file as married separate. Assume that Chris has one child, who qualifies as his dependent. Assume also that Chris' spouse has already filed Form 1040 (as married separate) claiming itemized deductions of $17,000 on the return. Assume finally that Chris has AGI of $50,000 for the year, but has only $7,000 of qualifying itemized deductions and wishes to claim the standard deduction 18. for the year. What is Chris' taxable income for 2021? $ 38,000 32,700 A В 36,700 D 43,000 None of the above

Chris Crone (age 67) is married, but will file as married separate. Assume that Chris has one child, who qualifies as his dependent. Assume also that Chris' spouse has already filed Form 1040 (as married separate) claiming itemized deductions of $17,000 on the return. Assume finally that Chris has AGI of $50,000 for the year, but has only $7,000 of qualifying itemized deductions and wishes to claim the standard deduction 18. for the year. What is Chris' taxable income for 2021? $ 38,000 32,700 A В 36,700 D 43,000 None of the above

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 46P

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