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3.2 Kendra Thayer: Waitress or Tax Expert? Kendra Thayer, who is single, goes to graduate...

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Accounting

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3.2 Kendra Thayer: Waitress or Tax Expert? Kendra Thayer, who is single, goes to graduate school part-time and works as a waitress at the Backwater Grill in New York. During the past year (2014), her gross income was $18,700 in wages and tips. She has decided to prepare her own tax return because she cannot afford the services of a tax expert. After preparing her return, she comes to you for advice. Here's a summary of the figures that she has prepared thus far: Gross income: $10,500 +8.200 $18,700 2300 $16,400 6200 $10,600 Wages Tips Adjusted gross income (AGI) Less: Itemized deductions Less: Standard deduction Taxable income Kendra believes that if an individual's income falls below $20,350, the federal government consid- ers him or her "poor" and allows both itemized deductions and a standard deduction

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