Hunter, age 17, is considered a dependent of his parents for tax purposes. This year, Hunter earned $16,000 for appearing in a television commercial. Compute Hunter's standard deduction.

Question

Quizplus · Accepted Answer

Hunter's standard deduction is $12,400, which is the maximum allowed for a dependent in 2021. Even though Hunter earned $16,000, he is still considered a dependent of his parents and therefore cannot claim a personal exemption.

Hunter, Age 17, Is Considered a Dependent of His Parents