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Donald is a 21-year-old full-time college student. During 2019, he earned $2,550 from a part-time job...

Donald is a 21-year-old full-time college student. During 2019, he earned $2,550 from a part-time job and $1,150 in interest income. If Donald is a dependent of his parents, what is his standard deduction amount? If Donald supports himself and is not a dependent of someone else, what is his standard deduction amount?

Amount of Standard Deduction
If Donald is a dependent $2,900
If Donald is not a dependent
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Answer #1

1)Donald's standard deduction amount,If Donald is a dependent of his parents:

a) is more than of $ 1,050

OR

a) His income plus $350

Donald's income = $2,550

Therefore.

Donald's standard deduction amount = $2,550 + $350

= $29,00

2)If Donald support himself and is not dependent of someone's then his standard deduction amount is $6300

2)

a)

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