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Problem 2-37 (LO 2-5) Donald is a 21-year-old full-time college student. During 2016, he earned $2,500 from a part-time job and $1,150 in interest income.
Problem 2-37 (LO 2-5)
Donald is a 21-year-old full-time college student. During 2016, he earned $2,500 from a part-time job and $1,150 in interest income. If Donald is a dependent of his parents, what is his standard deduction amount? If Donald supports himself and is not a dependent of someone else, what is his standard deduction amount?
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