Ask Question
3 August, 16:46

Stephanie is 12 years old and often assists neighbors on weekends by babysitting their children. Calculate the 2018 standard deduction Stephanie will claim under the following independent circumstances (assume that Stephanie's parents will claim her as a dependent). a. Stephanie reported $1,400 of earnings from her babysitting. Standard deduction = b. Stephanie reported $2,490 of earnings from her babysitting. Standard deduction = c. Stephanie reported $19,415 of earnings from her baby sitting. Standard deduction =

+5
Answers (1)
  1. 3 August, 20:06
    0
    Answer is explained below.

    Explanation:

    a. Standard deduction = $1,700. That is the greater of the minimum standard deduction $1,050 or $350 plus her earned income $1,400.

    b. Standard deduction = $2,840. That is the greater of the minimum standard deduction $1,050 or $350 plus her earned income $2,490.

    c. Standard deduction = $12,000. That is $350 plus her earned income $19,415 but limited to the maximum standard deduction for a single for 2018 ($12,000).
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Stephanie is 12 years old and often assists neighbors on weekends by babysitting their children. Calculate the 2018 standard deduction ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers