Debby,age 18,is claimed as a dependent by her mother.During 2016,she earned $1,100 in interest income on a savings account.Debby's standard deduction is $1,450 ($1,100 + $350).

Question

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Debby's standard deduction for 2016 is $1,050 because the earned income of $1,100 exceeds the minimum filing requirement for a dependent, which is $1,050 for tax year 2016. Therefore, her taxable income would be the $50 difference between her earned income and the standard deduction.

Debby,age 18,is Claimed as a Dependent by Her Mother