Essay
Warren, age 17, is claimed as a dependent by his father. In 2018, Warren has dividend income of $1,500 and earns $400 from a part-time job.
a. What is Warren's taxable income for 2018?
b. Suppose Warren earned $1,200 (not $400) from the part-time job. What is Warren's taxable income for 2018?
Correct Answer:
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a. $850. Warren's standard deduction is ...View Answer
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