Hunter, age 17, is claimed as a dependent on his parents' tax return. This year, Hunter earned $8,500 for appearing in a television commercial. Compute Hunter's standard deduction.

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Quizplus · Accepted Answer

Hunter's standard deduction is equal to the minimum standard deduction amount for a dependent, which is $5,950 for the tax year 2019. Hunter's earned income of $8,500 is less than the standard deduction, but since he is claimed as a dependent, he cannot claim his own personal exemption. Therefore, the standard deduction is his only means to reduce his taxable income.

Hunter, Age 17, Is Claimed as a Dependent on His