Severin,who is 20 years old and a full-time student,is claimed by his parent as a dependent.However,in 2014,he earned $5,400.What is the amount of the personal exemption that he can claim on his tax return?
A) $3,950.
B) $1,000.
C) $0.
D) $5,400.

Question

Quizplus · Accepted Answer

If Severin is claimed as a dependent on someone else's tax return, he cannot claim a personal exemption on his own tax return. The person claiming him as a dependent would be eligible for the exemption instead. Therefore, the amount of the personal exemption he can claim is $0.

Severin,who Is 20 Years Old and a Full-Time Student,is Claimed