Michelle, age 20, is a full- time college student with earned income from wages of $5,200 and interest income of $700. Michelle's parents provide more than half of Michelle's support. Michelle's 2018 taxable income is

Question

Quizplus · Accepted Answer

Michelle's taxable income is calculated by subtracting the standard deduction for a dependent ($5,950 in 2018) from her total income ($5,900). Since her total income is less than the standard deduction, her taxable income is $350.

Michelle, Age 20, Is a Full- Time College Student with Earned