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Taylor, age 18, is claimed as a dependent by her parents. For 2016, she has the following income: $4,000 wages from a summer job, $1,800
Taylor, age 18, is claimed as a dependent by her parents. For 2016, she has the following income: $4,000 wages from a summer job, $1,800 interest from a money market account, and $2,000 interest from City of Boston bonds. Taylor's standard deduction for 2016 is $4350 Taylor's personal exemption for 2016 is $0 Taylor's taxable income for 2016 is $1450
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