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21-Henry (age 16) is claimed as a dependent by his parents, Charles and Abby. In 2020, Henry received $10,120 of qualified dividends, and he received
21-Henry (age 16) is claimed as a dependent by his parents, Charles and Abby. In 2020, Henry received $10,120 of qualified dividends, and he received $13,120 from a part-time job. What is Henry's taxable income for 2020? (Standard deduction)
Multiple Choice
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$23,240
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$22,140
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$10,840
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$9,770
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