Question: Tony, age 15, is claimed as a dependent by his grandmother. During 2014, Tony had interest income from Boeing Corporation bonds of $1,000 and earnings

Tony, age 15, is claimed as a dependent by his grandmother. During 2014, Tony had interest income from Boeing Corporation bonds of $1,000 and earnings from a part time job of $700. Tony's taxable income is: a. $1,700. b. $1,700 - $700 - $1,000 = $0. c. $1,700 - $1,050 = $650. d. $1,700 - $1,000 = $700. e. None of the above

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