Question
A retired 78-year-old individual is unmarried, has no dependents, and holds a part- time job that pays $3,000 per year. The individual also has corporate
A retired 78-year-old individual is unmarried, has no dependents, and holds a part- time job that pays $3,000 per year. The individual also has corporate bonds that pay interest income each year. What is the minimum amount of interest the corporate bonds must pay for this individual to be required to file income taxes for 2021?
A $9,551
B $11,251
C $12,551'
D $21,801
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
11th edition
78025400, 978-0078025402
