Lewis,who is single,is claimed as a dependent on his parents' tax return.He received $2,000 during the year in dividends,which was his only income.What is his standard deduction for 2017?
A)$1,050
B)$2,000
C)$2,350
D)$6,350

Question

Quizplus · Accepted Answer

A)For a dependent,the standard deduction is the greater of earned income plus $350 or $1,050.Dividends are unearned income.

Lewis,who Is Single,is Claimed as a Dependent on His Parents