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Merle, age 17, is claimed by her parents as a dependent. During 2015, she had interest income from a bank savings account of $2,000 and
Merle, age 17, is claimed by her parents as a dependent. During 2015, she had interest income from a bank savings account of $2,000 and income from a part-time job of $4,200. Merle's taxable income is:
$4,200 - $4,550 = $0. | ||
$6,200 - $5,700 = $500. | ||
$6,200 - $4,550 = $1,650. | ||
$6,200 - $1,000 = $5,200. | ||
None of the above. |
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