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

As a dependent, Hunter can only claim a standard deduction of $1,100 or his earned income plus $350, whichever is greater. In this case, $16,000 + $350 = $16,350, but because the maximum standard deduction for a dependent is $12,000, that will be Hunter's standard deduction.

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