Question: Jerry, single and age 2 2 , is a full - time student at State University. He received and used a $ 1 5 ,
Jerry, single and age is a fulltime student at State University. He received and used a $ scholarship for tuition and books in Jerry earned $ from a parttime job during His employer withheld $ for Federal income taxes. He also earned $ of interest on certificates of deposits during the year.
Jerrys parents, Morty and Helen, are married, provide over half of his support, and claim him as a dependent. Jerrys lives with his parents during the summers, but stays in campus housing during the school year. Morty and Helen are in the income tax bracket for
Required:
a Determine Jerrys taxable income for
b Determine Jerrys income taxes for assuming that he takes advantage of any available tax credits based on the information provided
c Is Jerry required to file a Federal income tax return for Should he Explain.
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