Question: Hester (age 17) is claimed as a dependent by his parents, Charlton and Abigail. In 2023, Hester received $10,070 of qualified dividends, and he

Hester (age 17) is claimed as a dependent by his parents, Charlton and Abigail. In 2023, Hester received $10,070 of qualified dividends, and he received $13,070 from a part-time job. What is his taxable income for 2023? (Use Standard deduction.) EXHIBIT 6-11 Standard Deduction Amounts* Filing Status Married filing jointly Head of household Single Married filing separately 2022 Amounts Basic Standard Deduction Additional Standard Deduction for Age and/or Blindness at End of Year $25.900 19,400 12,950 12.950 $1,400 1,750 1,750 1,400 Filing Status Married filing jointly Head of household Single Married filing separately 2023 Amounts Basic Standard Deduction Additional Standard Deduction for Age and/or Blindness at End of Year $27,700 20,800 13,850 13.850 $1,500 1.850 1,850 1,500 *For individuals claimed as a dependent on another return, the 2023 standard deduction is the greater of (1) 51.250 or (2) 5400 plus earned income not to exceed the standard deduction amount of those who are not dependents $23,140 $9,220 $21,990 $9,670

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