Question
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 A. Curtis, age 18, has income as follows: $700 interest from a certificate of deposit and $12,600 from repairing cars. $______ fill in the blank 1 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. $_______fill in the blank 2 C. Jason, age 16, has income as follows: $675 interest on a bank savings account and $800 for painting a neighbor's fence. $_____fill in the blank 3 D. Ayla, age 15, has income as follows: $400 cash dividends from a stock investment and $500 from grooming pets. $_____fill in the blank 4 E. Sarah, age 67 and a widow, has income as follows: $500 from a bank savings account and $3,200 from babysitting. $______fill in the blank 5
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