Michelle,age 20,is a full-time college student with earned income from wages of $5,200 and interest income of $700.Michelle's parents provide more than half of Michelle's support.Michelle's taxable income is

Question

Quizplus · Accepted Answer

Michelle's taxable income is calculated as follows:
Total income = $5,200 + $700 = $5,900
Less: Standard deduction for a single taxpayer = $12,000 (for 2018)
Net taxable income = $0 (because her total income is less than the standard deduction)
Therefore, Michelle's taxable income is $0, which means she does not owe any federal income tax.

Michelle,age 20,is a Full-Time College Student with Earned Income from Wages