Final answer:
The 2022 California standard deduction for a single filer was $4,803, which is subtracted from a person's gross income to determine their taxable income for state tax purposes.
Step-by-step explanation:
The 2022 California standard deduction for a single filer is an important piece of information for anyone filing their state taxes and falls under the realm of taxes within the broader subject of Mathematics. This figure is critical in determining how much taxable income a person has after the standard deduction has been applied.
The standard deduction is a specific dollar amount that reduces the amount of income on which you are taxed. In California for the year 2022, the standard deduction for a single filer was $4,803. This figure is essential because it directly impacts the taxable income of the individual, thereby influencing the amount of tax owed to the state. Thus, a single filer would subtract this amount from their gross income to determine their taxable income for California state taxes.
If a single individual earned $16,640 a year, they would subtract the standard deduction amount of $4,803 from their total income to find out their taxable income. This will give them an idea of where they stand on the tax bracket and how much state tax they may owe or expect in deductions and credits. The actual tax owed, however, would depend on various factors including other deductions and credits, as well as the individual's specific tax bracket.