Question
Warren, age 17, is claimed as a dependent by his father. In 2021. Warren has dividend income of $1,500 and earns $11,800 from a part-time
Warren, age 17, is claimed as a dependent by his father. In 2021. Warren has dividend income of $1,500 and earns $11,800 from a part-time job.
a. What is taxable income for 2021?
b. Suppose Warren earned $9,000 (not $11,800) from the part- time job. What is Warren's taxable income for 2021?
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0470534788, 978-0470534786
