Question

Ayla, age 17, is claimed by her parents as a dependent. During 2019, she had interest income from a bank savings account of $2,000 and income from a part-time job of $4,200. Ayla's taxable income is_________.

a. $4,200 - $4,550 $0.

b. $6,200 - $5,700 = $500.

c. $6,200 - $4,550 = $1,650.

d. $6,200 - $1,000 = $5,200.

e. None of these.

Answer 1

Answer: The correct answer is "c. $6,200 - $4,550 = $1,650. ".

Explanation: Ayla's taxable income is = $6,200 - $4,550 = $1,650.

This happens because Ayla has the possibility of using the standard deduction of $ 4200 (for the income of the Work) + $ 350 = $ 4550.