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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The Correct option is Option c 1700 1050 650 Explanation All ... View full answer
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