1- Cheryl is claimed as a dependent on her parents' tax return. She had a part-time job during 2017 and earned $4,900 during the year, which was her only income. What is her standard deduction?

2- These problems deal with Kiddie Tax, Standard Deduction, Taxable Earned Income and Unearned Income. Tax Year 2017

Child Under 19 or Full Time Student <24

25% Percent Bracket For Parents

A. Child Kevin

Interest Income $1,200

Parents Income $90,000

B. Child Stacy

Interest Income $4,700

Parents Income (Joint) $90,000

C. Child Derek

W-2 WAGES $1,500

Interest Income $3,000

Parents Make $90,000

D. Child Sally

W-2 WAGES $6,000

Interest Income $3,600

Parents Make $ 90,000