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Tony,age 15,is Claimed as a Dependent by His Grandmother

Question 112

Multiple Choice

Tony,age 15,is claimed as a dependent by his grandmother.During 2015,Tony had interest income from Boeing Corporation bonds of $1,000 and earnings from a part-time job of $800.Tony's taxable income is:


A) $1,800.
B) $1,800 - $800 - $1,050 = ($50) .
C) $1,800 - $1,150 = $650.
D) $1,800 - $1,050 = $750.
E) None of these.

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