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(TCO 3) During 2013, Judy, a single taxpayer, 23 years old, had $48,000 of gross income. Her itemized deductions totaled $6,000. Her 10-year-old brother lived with and was fully supported by her. What is Judy’s taxable income for 2013?
Student Answer: 31,250
34,750
32,250
48,050
Comments:
Question 2. Question : (TCO 3) Mr. and Mrs. Airs had taxable income of $114,000 for 2013. He was 27; she was 35.What is their tax liability if they elect to file married filing jointly?
Student Answer: 20,357.50
21,400
22,650
26,500