Multiple Choice
Sylvia, age 17, is claimed by her parents as a dependent.During 2012, she had interest income from a bank savings account of $2,000 and income from a part-time job of $4,200.Sylvia'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:

Verified
Correct Answer:
Verified
Q69: When separate income tax returns are filed
Q72: When the kiddie tax applies, the child
Q104: Clara, age 68, claims head of household
Q105: Lena is 66 years of age, single,
Q106: Which, if any, of the statements regarding
Q108: Perry is in the 33% tax bracket.During
Q109: During 2012, Addison has the following gains
Q109: For tax purposes, married persons filing separate
Q111: Using borrowed funds from a mortgage on
Q112: Under the income tax formula, a taxpayer