Question
In 2018, Sheryl is claimed as a dependent on her parents' tax return. Sheryl did not provide more than half of her own support. A.
In 2018, Sheryl is claimed as a dependent on her parents' tax return. Sheryl did not provide more than half of her own support.
A. She received $7,000 from a part-time job. This was her only source of income. She is 16 years old at year-end.
B. She received $7,000 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 16 years old at year-end.
C. She received $7,000 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 20 years old at year-end and is a full-time student.
D. She received $7,000 of qualified dividend income. This is her only source of income. She is 16 years old at year-end.
All answers should be calculated using the new 2018 rates.
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