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Arthur is 65 years old and single. He supports his father, who is 90 years old, blind, and has no income. What is Arthur's standard deduction?

User Davegravy
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2 Answers

1 vote

Answer:

$18,000

Step-by-step explanation:

User Alvescleiton
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4 votes

Answer:

Additional sum of money will be added to Arthur's standard deduction.

Step-by-step explanation:

  • The taxable income of any taxpayer gets an additional amount added to the tax money that reduces the amount, this is called as the standard deduction.
  • Any household can claim the standard deduction with the income level below certain threshold.
  • For any taxpayers whose age is 65 or even older can acquire the benefit of additional amount that gets added to their standard deduction.
User Aldemarcalazans
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