4. Tony, age 15, is claimed as a dependent by his grandmother. During 2019, he had...

Question

Question

Answer 1

Answer #1

THE CORRECT OPTION IS ( C ) - $1800 - $1150 = $650

GIVEN THAT,

Tony's,

Interest income from bonds. = $1000

Earnings from part time job = $800

TOTAL. = $1800

(-) Standard deduction[$800+$350] = ($1150)

Taxable income = $650.

_____ × _____

ALL THE BEST,

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Answer 2

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