Multiple Choice
Tony,age 15,is claimed as a dependent by his grandmother.During 2010,Tony had interest income from Boeing Corporation bonds of $1,000 and earnings from a part-time job of $700.Tony's taxable income is:
A) $0.
B) $1,700 - $700 - $950 = $50.
C) $1,700 - $1,000 = $700.
D) $1,700 - $950 = $750.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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