Discussion Question $3-6($LO$.2,3,5)$

In $2024,$ David is age $78,$ is a widower, and is being claimed as a dependent by his son. How does this situation affect the following: $($a$)$ filing requirements, $($b$)$ the basic standard deduction, and $($c$)$ any additional standard deduction amounts.

a$.$ Indicate whether the following statements are "True" or "False" regarding David's own individual filing requirement.

$$An individual who can be claimed as a dependent on another person's tax return must file a tax return if his or her earned income exceeds $$1,300.$

$$An individual who can be claimed as a dependent on another person's tax return does not have to file a tax return, regardless of the amount of income earned.

$$The gross income filing requirement for an individual who can be claimed as a dependent on another person's tax return varies based on the amount $($if any$)$ of earned and unearned income the individual has.

b$.$ Indicate whether the following statements are "True" or "False" regarding the standard deduction allowed to David.

$$All individuals, including those claimed as a dependent on another person's tax return, are allowed the full standard deduction based on their filing status.

$$An individual who can be claimed as a dependent on another person's tax return has a limited basic standard deduction equal to the greater of $$1,300$ or the sum of the individual's earned income for the year plus $$450($but not to exceed the standard deduction$).$

$$An individual who can be claimed as a dependent on another person's tax return is not allowed to claim a standard deduction.

c$.$ Indicate whether the following statements are "True" or "False" regarding the availability of any additional standard deduction.

$$Since an individual who can be claimed as a dependent on another person's tax return is required to itemize deductions, the additional standard deductions are not available.

$$An individual who can be claimed as a dependent on another person's tax return is allowed only one of the additional standard deduction amounts.

$$An individual who can be claimed as a dependent on another person's tax return is allowed the additional standard deduction amount if he or she is age $65$ or over, blind, or both.

All work saved.