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 2015 standard deduction Stephanie will claim under the following independent circumstances (assume that Stephanie's parents will claim her as a dependent).

       

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

       

Stephanie reported $8,000 of earnings from her babysitting.

      

Stephanie is a twelve-year-old who often assists neighbors on weekends by babysitting their children. Calculate the 2015 standard deduction Stephanie will claim under the following independent circumstances (assume that Stephanie's parents will claim her as a dependent).

Stephanie is a twelve-year-old who often assists neighbors on weekends by babysitting their children. Calculate the 2015 standard deduction Stephanie will claim under the following independent circumstances (assume that Stephanie's parents will claim her as a dependent). Stephanie reported $850 of earnings from her babysitting. Stephanie reported $1,500 of earnings from her babysitting. Standard deduction $ 0 Stephanie reported $8,000 of earnings from her babysitting.

Explanation / Answer

A. Standard deduction $1,200

The minimum standard deduction is (1000) 0r 350 + earned income (850) for 2013.

B. Standard deduction $1,800

The minimum standard deduction is ($950) or $300 + earned income ($1,500).

C. Standard deduction $6,100

The Maximum standard deduction for 2013 is $6100.

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