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Determine the amount of the standard deduction allowed for 2021 in the following independent situations. In each case, assume that the taxpayer is claimed as
Determine the amount of the standard deduction allowed for 2021 in the following independent situations. In each case, assume that the taxpayer is claimed as another person's dependent. Amount of the Standard Deduction 12,400 X $ 5,050 5,050 X a. Curtis, age 18, has income as follows: $700 interest from a certificate of deposit and $12,600 from repairing cars. b. Mattie, age 18, has income as follows: $600 cash dividends from investing in stock and $4,700 from working as a lifeguard at a local pool. c. Jason, age 16, has income as follows: $675 interest on a bank savings account and $800 for painting a neighbor's fence. d. Ayla, age 15, has income as follows: $400 cash dividends from a stock investment and $500 from grooming pets. e. Sarah, age 67 and a widow, has income as follows: $500 from a bank savings account and $3,200 from babysitting. $ 1,100 5,200 X Feedback Check My Work The standard deduction is the sum of two components: the basic andard deduction additional andar deduction. The basic standa deduction is based on filing status. Certain taxpayers, however, are not allowed to claim any standard deduction, and the standard deduction is limited for others. A taxpayer who is age 65 or over or blind qualifies for an additional standard deduction
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