Compute the 2020 standard deduction for the following taxpayers. a.) Ruby and Woody are married...
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Accounting
Compute the 2020 standard deduction for the following taxpayers.
a.) Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their taxable retirement income is $13,860.
b.) Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is $300, and her interest income is $605.
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