Samantha, age 16, is claimed as a dependent by her mother. During 2020, she had interest income from a savings account of $2,000 and earnings from a part-time job of $950. What is Samantha's taxable income for 2020? 

Tamara supports the following individuals during the current year: Peter, her former father-in-law who lives in her own home and has no gross income; her cousin, Hannah, age 21, who is a full-time student, earns $5,000 during the year and lives with Tamara all year long, and Evan, age 19, who is Hannah's brother, is a full-time student living on campus and earns $2,000 during the year. How many personal and dependency exemptions may Tamara claim?

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Part A Samantha s taxable income for 2020 is 2 950 The calculation is as follows Interest income fro... View the full answer