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 22, is a full-time student at State University. He received and used a $15,000 scholarship for tuition and books in 2023.Jerry earned $6,300 from a part-time job during 2023.His employer withheld $1,500 for Federal income taxes. He also earned $3,000 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 32% income tax bracket for 2023.
Required:
a. Determine Jerrys taxable income for 2023.
b. Determine Jerrys income taxes for 2023 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 2023? Should he? Explain.

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