Leslie is a single taxpayer who is under age 65 and in good health. For 2018, she has a salary of $24,000 and itemized deductions of $1,000. Leslie allows her mother to live with her during the winter months (3–4 months per year), but her mother provides all of her own support otherwise. Filing Status2018 Standard DeductionSingle$ 12,000 Married, filing jointly24,000 Married, filing separately12,000 Head of household18,000 Qualifying widow(er)24,000    How much is Leslie's adjusted gross income?   In order to minimize taxable income, Leslie will take the standard deductionin the amount of $  What is the amount of Leslie's taxable income? $

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Asked Jan 16, 2020
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Leslie is a single taxpayer who is under age 65 and in good health. For 2018, she has a salary of $24,000 and itemized deductions of $1,000. Leslie allows her mother to live with her during the winter months (3–4 months per year), but her mother provides all of her own support otherwise.

 

Filing Status

2018 Standard Deduction

Single

$ 12,000

 

Married, filing jointly

24,000

 

Married, filing separately

12,000

 

Head of household

18,000

 

Qualifying widow(er)

24,000

 

 

  1.  How much is Leslie's adjusted gross income? 
  2.  In order to minimize taxable income, Leslie will take the standard deductionin the amount of $
  3.  What is the amount of Leslie's taxable income? $

 

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Expert Answer

Step 1

Requirement 1:

 

Determine the amount of adjusted gross income.

 

Individual taxpayers compute their tax in accordance with the tax formula. The adjusted gross income of Leslie is $24,000.

Step 2

Requirement 2:

 

Determine the standard deduction taken by Leslie to minimize her standard deduction.

 

Leslie will take th...

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