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scoray [572]
3 years ago
10

Eugene and Velma are married. For 2019 Eugene earned $25,000 and Velma earned $10,000. What are Eugene's and Velma's taxable inc

ome for 2019?
Business
1 answer:
bagirrra123 [75]3 years ago
5 0

Answer:

$0

Explanation:

Velma's standard deduction for 2019 is $12,200, since it is higher than her actual income ($12,000 ≥ $10,000), Velma will not pay any income taxes. If Velma made the mistake of making an itemized deduction, she would end up paying taxes, but no one would make that type of mistakes.

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