The Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction (LO 1.3, 1.5, 1.8) Wanda is a single 50-year-old taxpayer with no dependents. Her only income is $41,000 of wages. Calculate her taxable income and her tax liability. Table for the standard deduction Filing Status Standard Deduction Single $12,400   Married, filing jointly 24,800   Married, filing separately 12,400   Head of household 18,650   Qualifying widow(er) 24,800   Click here to access the tax tables. Taxable income: $fill in the blank 1     Tax liability: $fill in the blank 2

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