Julie, an unmarried individual, lives in a home with her 13-year-old dependent son, Oscar. This year, Julie had the following tax information: Standard Deduction Table.
Compute Julie's adjusted gross income (AGI) and taxable income.
A) AGI $118,000; taxable income $92,450
B) AGI $118,000; taxable income $90,900
C) AGI $118,000; taxable income $99,350
D) AGI $107,000; taxable income $88,700
Correct Answer:
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