Cheryl is claimed as a dependent on her parents' tax return.She had a part-time job during 2016 and earned $4,900 during the year,in addition to $600 of interest income.What is her standard deduction?

Question

Quizplus · Accepted Answer

For a dependent, the standard deduction is the greater of $1,050 or earned income plus $350, up to the standard deduction for a single filer ($6,300 in 2016). Cheryl's earned income is $4,900, so $4,900 + $350 = $5,250.

Cheryl Is Claimed as a Dependent on Her Parents' Tax