Paul, age 40 and single, has an 8-year-old son, Larry. Larry resides with his mother, Susan, in her home. Pursuant to the terms of their divorce, Paul properly claims Larry as a dependent on his income tax return. Paul pays child support payments to his ex-wife for the support of his child. Susan does not claim Larry as her dependent, but she does bear the economic burden of supporting the household in which they reside. What is the maximum amount of the 2020 standard deduction that Susan qualifies for? Oa. $12,400 Ob. $18,650 Oc. $20,300 Od. $24,800 Oe. Susan does not qualify for claiming a standard deduction.
Paul, age 40 and single, has an 8-year-old son, Larry. Larry resides with his mother, Susan, in her home. Pursuant to the terms of their divorce, Paul properly claims Larry as a dependent on his income tax return. Paul pays child support payments to his ex-wife for the support of his child. Susan does not claim Larry as her dependent, but she does bear the economic burden of supporting the household in which they reside. What is the maximum amount of the 2020 standard deduction that Susan qualifies for? Oa. $12,400 Ob. $18,650 Oc. $20,300 Od. $24,800 Oe. Susan does not qualify for claiming a standard deduction.
Chapter3: Computing The Tax
Section: Chapter Questions
Problem 31P
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Transcribed Image Text:Paul, age 40 and single, has an 8-year-old son, Larry. Larry resides with his mother, Susan, in her home.
Pursuant to the terms of their divorce, Paul properly claims Larry as a dependent on his income tax
return. Paul pays child support payments to his ex-wife for the support of his child. Susan does not claim
Larry as her dependent, but she does bear the economic burden of supporting the household in which
they reside. What is the maximum amount of the 2020 standard deduction that Susan qualifies for?
Oa. $12,400
Оb. S18,650
Oc. $20,300
а.
Od. $24,800
Oe. Susan does not qualify for claiming a standard deduction.
е.
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