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 2013 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 $6,200 of earnings from her babysitting.

NOTE: This must be for 2013!

Stephanie is a twelve-year-old who often assists neighbors on weekends by babysitting their children. Calculate the 2013 standard deduction Stephanie will claim under the following independent circumstances (assume that Stephanie's parents will claim her as a dependent).

Explanation / Answer

a.Stephanie can claim a standard deduction of $1,200, the greater of the minimum standard deduction ($1,000) or $350 plus her earned income ($850).

b.Stephanie can claim a standard deduction of $1,850, the greater of the minimumstandard deduction ($1,000 ) or $350 plus her earned income ($1,500).

c.Stephanie can claim a standard deduction of $6,200, the greater of the minimum standard deduction ($1,000) or $350 plus her earned income but limited to maximum standard deduction for her filing status, (single is $6,200 for 2013).

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