Sebastian(age 46)and Kaitlin(age 45)are Married and File a Joint Tax

question 47

Multiple Choice

Sebastian(age 46) and Kaitlin(age 45) are married and file a joint tax return.Their 2015 adjusted gross income is $390,000 and includes $2,600 in investment income ($2,000 in short-term capital gains and $600 of interest income) .They provided 100% of the support for their daughter,Olivia,age 26,who lives with them,and earned $4,700 from her part-time job.They also provided 100 percent of the support for Sebastian's mother,Emily,who is 67,blind,and lives in a nursing home.Emily received $4,000 in Social Security benefits and $450 of interest income.What is Sebastian and Kaitlin standard deduction on their 2015 tax return if they do not itemize?

• A)$13,850
• B)$12,600
• C)$10,197
• D)$1,329

---

Definitions:

Market Research

The process of gathering, analyzing, and interpreting information about a market, including information about potential customers, competitors, and the industry as a whole.

Media Selection

The process of choosing the most effective types of media channels to deliver advertising messages to the target audience.

Copy Development

The process of creating content for advertising or marketing materials.

Artwork

Works of art, especially visual arts, which include items like paintings, sculptures, and photographs, produced for aesthetic purposes.