Question: The Lees, a family of two adults and two dependent children under age 16 , had a gross annual income of $70,000.00 for 2020 . Determine their standard deduction and child tax credit …

Exhibit 3.5 Additional Standard Deduction Amounts Filing Status 2019 2020 Single $1,650 $1,650 Married, filing jointly 1,300 1,300 Surviving spouse 1,300 1,300 Head of household 1,650 1,650 …

The Lees, a family of two adults and two dependent children under age 16, had a gross annual income of $69,000.00 for 2020 . Determine their standard deduction and child tax credit amounts, as well as …

Stephanie is 12 years old and often assists neighbors on weekends by babysitting their children. Calculate the 2020 standard deduction Stephanie will claim under the following independent …

Calculate the total 2020 tax liability for a surviving spouse with one dependent child with a gross income of $48,920.00, assuming that the taxpayer takes the standard deduction.

Using the married filing jointly status, _, and their income and expense statement, ， calculate the 2020 tax liability for Shameka and Curtis Williams. First, use the standard deduction, and then use the …

Myrna and Geoffrey filed a joint tax return in 2020. Their AGI was $85,000, and itemized deductions were $25,100, which included $7,000 in state income tax. In 2021, they received a $1,800 refund of …

Business Accounting Accounting questions and answers Compute the 2020 standard deduction for the following taxpayers. If an amount is zero, enter "0".Click here to access the standard deduction table …

Dong and Chen are a married couple with three dependent children under the age of 17 . Their adjusted gross income is $299,300.00, and they plan to take the standard deduction. Calculate their total tax …

Hester (age 17) is claimed as a dependent by his parents, Charlton and Abigail. In 2020, Hester received $10,070 of qualified dividends, and he received $13,070 from a part-time job. What is his …