Sam and abby are dependents of their parents and each has, Ask an Expert

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Sam and Abby are dependents of their parents, and each has income of $2,100 for the year. Sam’s standard deduction for the year is $1,050, while Abby’s is $2,450. As their income is the same, what causes the difference in the amount of the standard deduction?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91585712

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