. Created by Michelle. business-finance-en - taxes-en - united-states-en

I will presume that if it makes you happy.

Katie and Todd have adjusted gross incomes of $47,700 and $33,200. Assume that each person takes one exemption and the standard deduction.?

May 2021 4 152 Report

Katie and Todd have adjusted gross incomes of $47,700 and $33,200. Assume that each person takes one exemption and the standard deduction.?

Business & Finance / Taxes / United States

curtisports2

Tax exemptions no longer exist. If each is filing separately, they each get a standard deductions of $12,200. If they are married filing a joint return, the standard deduction is $24,400.

Anonymous

What is your question? You didn't actually ask one.

Katie and Todd can't take personal exemptions because they no longer exist.

Go to irs.gov and print out a blank 1040. Fill it in. Note, this is an OLD question as the Trump tax changes got rid of personal exemptions.

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