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Determine the amount of the 2018 standard deduction allowed in the following independent situations. In each case, assume the taxpayer is claimed as another person's
Determine the amount of the 2018 standard deduction allowed in the following independent situations. In each case, assume the taxpayer is claimed as another person's dependent.
a. | Bajnok, aged 19, reports income as follows: $2,800 from walking dogs. | $ |
b. | Lance, aged 18, records income as follows: $1,000 in cash dividends from a stock investment. | $ |
c. | Neeraj, aged 69, incurs income as follows: $400 interest on a bank savings account and $8,000 in wages from a part-time job. | $ |
d. | Bobbi, who is legally blind and 15 years old, reports income as follows: $2,400 in interest income from a certificate of deposit and $1,400 earned income. | $ |
e. | Abbigail, aged 60 and a widow, incurs income as follows: $12,100 from babysitting. |
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