Josiah, age 17, is claimed as a dependent on his parents tax return. In 2023, Josiah received
Question:
Josiah, age 17, is claimed as a dependent on his parentʼs tax return. In 2023, Josiah received interest income of \($1,400\) and wages of \($5,000.\) What is Josiahʼs eligible standard deduction?
a. $0
b. $1,150
c. $5,400
d. $6,400
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Related Book For
Fundamentals Of Taxation For Individuals A Practical Approach 2024
ISBN: 9781119744191
1st Edition
Authors: Gregory A Carnes, Suzanne Youngberg
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