Question: Question 4 ( 1 point ) Listen Ryan is 1 6 years old, single, and claimed as a dependent by his parents. He earned $
Question point
Listen
Ryan is years old, single, and claimed as a dependent by his parents. He earned $ this year working in a restaurant, and received an additional $ in interest income from a savings bond his grandparents bought for him when he was born. What is Ryan's standard deduction? Recall that the standard deduction for a single independent taxpayer is $ and that, for individuals claimed as a dependent on another person's tax return, the standard deduction is the greater of $ or $ plus earned income not to exceed the standard deduction amount of those who are not dependents.
$
$
$
$
$
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
