Sylvia, age 17, is claimed by her parents as a dependent.During 2012, 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:
A)$4,200 - $4,500 = $0.
B)$6,200 - $5,700 = $500.
C)$6,200 - $4,500 = $1,700.
D)$6,200 - $950 = $5,250.
E)None of the above.

Question

Quizplus · Accepted Answer

Sylvia's taxable income is $6,200 - $4,500 = $1,700.

Sylvia, Age 17, Is Claimed by Her Parents as a Dependent.During