Stephanie is 12 years old and often assists neighbors on weekends by babysitting their children. Calculate the
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Stephanie is 12 years old and often assists neighbors on weekends by babysitting their children. Calculate the 2020 standard deduction Stephanie will claim under the following independent circumstances (assume that Stephanie’s parents will claim her as a dependent).
a. Stephanie reported $850 of earnings from her babysitting.
b. Stephanie reported $1,500 of earnings from her babysitting.
c. Stephanie reported $18,000 of earnings from her babysitting.
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Related Book For
Taxation Of Individuals And Business Entities 2021
ISBN: 9781260247138
12th Edition
Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham
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