Jason and Peg Are Married and File a Joint Return

question 15

True/False

Jason and Peg are married and file a joint return.Both are over 65 years of age and Jason is blind.Their standard deduction for 2012 is $15,350 ($11,900 + $1,150 + $1,150 + $1,150).

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Definitions:

Legally Divorced

A status that indicates a person has completed the legal process of divorce, thereby dissolving the marital relationship under law.

Full-Time Student

A student who is enrolled in a higher education institution for the number of hours or courses the school considers to be full-time attendance.

Own Support

Refers to the financial contribution made by an individual towards their own living expenses, potentially affecting tax filing status and dependency exemptions.

Exemption

Deductions allowed by law to reduce taxable income based on taxpayer and dependent information.