Hester (age 17) is claimed as a dependent by his parents, Charlton and Abigail. In 2020, Hester received $10,070 of qualified dividends, and he received $13,070 from a part-time job. What is his taxable income for 2020? (Standard deduction) Multiple Choice 0 $23,140 $22,040 $10,740 $9,720 EXHIBIT 7-3 Standard Deduction Amounts* Additional Standard Deduction for Age and/or Blindness at End of year 2019 Amounts Basic Standard Filing Status Deduction Married filing jointly $24,400 Head of household 18,350 Single 12,200 Married filing separately 12,200 $1,300 1,650 1,650 1,300 Additional Standard Deduction for Age and/or Blindness at End of year 2020 Amounts Basic Standard Filing Status Deduction Married filing jointly $24,800 Head of household 18,650 Single Married filing separately 12,400 12,400 $1,300 1,650 1,650 1,300 *For individuals claimed as a dependent on another return, the 2020 standard deduction is the greater of (1) $1,100 or (2) $350 plus earned income not to exceed the standard deduction amount of those who are not dependents