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Author Question: Malcolm qualifies to use a 1040EZ form for his taxes. His total wages for the year were 19,800. He ... (Read 114 times)

awywial

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on: Jun 24, 2018
Malcolm qualifies to use a 1040EZ form for his taxes. His total wages for the year were 19,800. He does not claim himself as a dependent because his parents claim him. What is his taxable income?

Question 2

Selina is single with a minor daughter. Besides the standard deduction of 5,450, how much should she deduct from her taxes for exemptions?


otokexnaru

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Reply #1 on: Jun 24, 2018
Answer to Question 1

19,800

Answer to Question 2

7,000; because she has 2 exemptions, she should deduct 2  3,500 = 7,000.


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