(Solved): Taylor, a single taxpayer, has \( \$ 16,000 \) AGI. Assume the taxable year is 2022. Use Standard D ...

Taylor, a single taxpayer, has \( \$ 16,000 \) AGI. Assume the taxable year is 2022. Use Standard Deduction Table. Required: a. Compute taxable income if Toylor's AGI consists enticely of interest income. Taylor is 19 years old and a dependent of his parents for tax purposes. b. Compute taxable income if Taylor's AGI consists entirely of wage income. Taylor is 19 years old and is considered a dependent of his parents for tax purposes. c. Compute taxable income if Taylor's AGi consists entirely of interest income. Taylor is 70 years old and lives with his grown child who provides more than one-half of Taylor's financial support. Complete this question by entering your answers in the tabs below. Compute taxable income if Taylor's Act consists entirely of interest income. Toylor is 19 years old and a dependent of his parents for tax purposes. Taylor, a single taxpayer, has \( \$ 16,000 \) AGl. Assume the taxable year is 2022. Use Standard Deduction Table. Required: a. Compute taxable income if Toylor's AGI consists entirely of interest income. Taylor is 19 years oid and a dependent of his parents for tax purposes. b. Compute taxable income if Taylor's AGI consists entirely of wage income. Taylor is 19 years old and is considered a dependent of his patents for tax purposes. c. Compute taxable income if Taylor's AGI consists entirely of interest income. Taylor is 70 years old and lives with his grown child who provides more than one-half of Taylor's financial support. Complete this question by entering your answers in the tabs below. Compute taxable income if Taylor's AGl consists entirely of wage income. Taylor is 19 years old and is considered a dependent of his parents for tax purposes. Taylor, a single taxpayer, has \( \$ 16,000 \mathrm{AGi} \). Assume the taxable year is 2022 . Use Standard Deduction Table. Required: a. Compute taxable income if Taylor's AGI consists entirely of interest income. Taylor is 19 years old and a dependent of his parents for tax purposes b. Compute taxable income if Taylor's AGi consists entrely of wage income. Taylor is 19 years oid and is considered a dependent of his parents for tax purposes. c. Compute taxable income if Taylor's AGi consists entirely of interest income. Toylor is 70 years old and lives with his grown child who provides more than one-half of Taylor's financial support Complete this question by entering your answers in the tabs below. Compute taxable income If Taylor's AGt consists entirey of Interest income. Taylor is 70 years old and lives with his grown child who provides more than one-haif of Taylor's finaneial support. \begin{tabular}{|l|r|r|} \hline \multicolumn{2}{|l|}{ Married filing jointly and surviving spouses } & \\ \hline Married filing separately & & \( \$ 25,900 \) \\ \hline Head of household & & 12,950 \\ \hline Single & & 19,400 \\ \hline \end{tabular}