During 2013,Marla earns $2,700 from a summer job.She also has interest income of $2,400.Marla,age 19,is a full-time student at Western College.Her parents claim her as a dependent.Their taxable income is $100,000.What is Marla's tax liability for 2013?

Question

Quizplus · Accepted Answer

First, we need to determine Marla's taxable income. Since she is a dependent and her earned income plus her interest income is less than $6,100, her standard deduction, her taxable income is $0.

Next, we need to calculate her tax liability using the tax brackets for 2013:

- The first $9,750 of taxable income is taxed at 10%, so Marla's tax on her $2,400 of interest income is $240. 
- The next $8,925 of taxable income (up to $18,675) is taxed at 15%, but since Marla's taxable income is $0, this does not apply to her.

Therefore, Marla's total tax liability is $240. Answer B is the closest amount to this.

During 2013,Marla Earns $2,700 from a Summer Job