Stephanie is a twelve-year old who often assists neighbors on weekends by babysi

Question

Stephanie is a twelve-year old who often assists neighbors on weekends by babysitting their children. Calculate the 2012 standard deduction Stephanie will claim under the following independent circumstances (assume that Stephanie's parents will claim her as a dependent). (Omit the "$" sign in your response.)

Stephanie reported $1,500 of earnings from her babysitting.

Stephanie reported $6,200 of earnings from her babysitting.

Stephanie is a twelve-year old who often assists neighbors on weekends by babysitting their children. Calculate the 2012 standard deduction Stephanie will claim under the following independent circumstances (assume that Stephanie's parents will claim her as a dependent). (Omit the "$" sign in your response.)

Explanation / Answer

a.    Stephanie can claim a standard deduction of $1,150, the greater of the minimum standard deduction ($950) or $300 plus her earned income ($850).

b.    Stephanie can claim a standard deduction of $1,800, the greater of the minimum standard deduction ($950) or $300 plus her earned income ($1,500).

c.     Stephanie can claim a standard deduction of $5,800, $300 plus her earned income ($6,200) but limited to the maximum standard deduction for her filing status, (single is $5,800 for 2011).

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