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.

Question

Quizplus · Accepted Answer

As a dependent, Hunter can claim the standard deduction of $1,050 or his earned income plus $350, whichever is less. In this case, $8,500 + $350 = $8,850, which is higher than the standard deduction of $1,050, so Hunter can only claim $1,050 as his standard deduction.

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