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      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? $

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter1: The Individual Income Tax Return
Section: Chapter Questions
Problem 4P: In 2019, Lou has a salary of $53,300 from her job. She also has interest income of $1,600 and...
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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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