Scott is 15 years old and qualifies as a dependent of his parents. During 2018 he earns

Question:

Scott is 15 years old and qualifies as a dependent of his parents. During 2018 he earns $2,500 from a part-time job and also receives $800 of dividend income on stock given to him by his aunt. What is Scott’s taxable income?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...

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