Charlie is claimed as a dependent on his parents' tax return in 2015.He received $8,000 during the year from a part-time acting job,which was his only income.What is his standard deduction?
A)$1,050
B)$6,300
C)$8,000
D)$8,350

Question

Quizplus · Accepted Answer

Since Charlie is claimed as a dependent on his parents' tax return, he is not entitled to claim a personal exemption. However, he is still allowed to claim the standard deduction. In 2015, the standard deduction for a single taxpayer who is claimed as a dependent on someone else's tax return is $1,050 or the amount of earned income plus $350, whichever is greater. Since Charlie's earned income was $8,000, his standard deduction is $6,300 ($8,000 + $350).

Charlie Is Claimed as a Dependent on His Parents' Tax