Merle,age 17,is claimed by her parents as a dependent.During 2010,she had interest income from a bank savings account of $2,000 and income from a part-time job of $4,200.Merle'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.
Correct Answer:
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