Benjamin,age 16,is claimed as a dependent by his parents.During 2011,he earned $700 at a car wash.Benjamin's standard deduction is $1,250 ($950 + $300).

Question

Quizplus · Accepted Answer

The standard deduction for a dependent with earned income is either $1,050 or the amount of earned income plus $350, whichever is greater. Therefore, Benjamin's standard deduction would be $1,050, not $1,250.

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