according to Ian Redpath and Julie Welch what is the 2017 st

according to Ian Redpath and Julie Welch, what is the 2017 standard deduction for a 15 year old child who has no earned income and can be claimed as a defendant on his partners return?

A $0

B $350

C $1050

D $4050

Solution

Ans is C $1050

Explanation: standard deduction for a person that can be claimed as dependent on other person return is maximum of $1050 or his earned income +$350, since in this case no earned income so, standard deduction will be limited to $1050. Standard deduction for a dependent can-not exceed general standard deduction.