A taxpayer filing as married filing separately has no other deductions or credits aside from the standard deduction. Their financial information for the tax year 2023 is shown. W-2 income: $30,000 Taxable interest (1099-INT): $150 Federal income tax withheld: $2,000 Standard deduction for 2023: $12,950 What amount should the taxpayer enter on line 15 (taxable income) on the 1040 form?
Add the W-2 income and taxable interest: $30,000 + $150 = $30,150 total income. Subtract the $12,950 standard deduction: $30,150 − $12,950 = $17,200. The taxpayer should enter $17,200 on line 15, which is choice D.
AI-written and checked against the verified answer.