Benjamin,age 16,is claimed as a dependent by his parents.During 2016,he earned $850 at a car wash.Benjamin's standard deduction is $1,400 ($1,050 + $350).

Question

Quizplus · Accepted Answer

The standard deduction for a dependent in 2016 was $1,050 or their earned income plus $350, whichever is less. Since Benjamin's earned income of $850 is less than $1,050, his standard deduction would be $850 + $350 = $1,200, not $1,400.

Benjamin,age 16,is Claimed as a Dependent by His Parents