Sylvia,age 17,is claimed by her parents as a dependent.During 2015,she had interest income from a bank savings account of $2,000 and income from a part-time job of $4,200.Sylvia's taxable income is:

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Sylvia's standard deduction for 2015 is $4,550 because she is claimed as a dependent by her parents. Her taxable income is calculated by subtracting the standard deduction from her total income:

$6,200 (total income) - $4,550 (standard deduction) = $1,650 (taxable income)

Sylvia,age 17,is Claimed by Her Parents as a Dependent