From the information provided, Jenna's taxable income is zero. See the explanation below.
How do you calculate taxable income?
The formula for taxable income is given as:
Gross Income Less Standard Deduction.
Since the current effective standard deduction for singles is $12,950 Jenna doesn't need to file a tax return since tax cannot be a negative figure.
it is to be noted that the rate payable for individual single taxpayers in 2022 is $10% up to $10,275.
Learn more about Taxable income at:
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