Interview Notes Owen, age 69 and Kimberly, age 64 elect to file Married Flling...

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Accounting

Interview Notes
Owen, age 69 and Kimberly, age 64 elect to file Married Flling Jointly. Neither taxpayer is blind.
Owen is retired. He received Social Security benefits and a pension.
Owen and Kimberly's daughter Shelby, age 20, is a full-time college student in her third year of study She is pursuing a degree in nursing and does not have a felony drug conviction. She received a Form 1098-T for 2023. Box 7 was not checked on her form 1098-T for the previous tax year.
Shelby spent the summer at home with her parents but lived in an apartment near campus during the school year
Shelby received a scholarship that paid the full tuition. Owen and Kimberly paid the cost of course-related books in 2023 not covered by scholarship. They paid $120 for a parking sticker, $5,500 for a meal plan, $850 for textbooks purchased at the college bookstore, and $200 for access to an online textbook.
Owen and Kimberly paid more than half the cost of maintaining a home and support for Shelby
Owen and Kimberly do not have enough deductions to litemize on their federal tax retum.
Owen, Kimberly, and Shelby are US citizens and have valid Social Security numbers. They all lived in the United States for the entire year
If Owen and Kimberly receive a refund, they would like to deposit it into their checking account. Documents from Baldwin Bank show that the routing number is 111000025. Their checking account number is 11337890
Owen and Kimberly's standard deduction is:
.513,850
b. $15,350
C $27,700
d. $29,200
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