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

Multiple Choice

Tony,age 15,is claimed as a dependent by his grandmother.During 2014,Tony had interest income from Boeing Corporation bonds of $1,000 and earnings from a part­time job of $700.Tony's taxable income is:

A) $1,700.
B) $1,700 - $700 - $1,000 = $0.
C) $1,700 - $1,050 = $650.
D) $1,700 - $1,000 = $700.
E) None of these.