Required Information The Following Information Applies To The Questions Displayed Below Jackson Is 18 Years Old And H 1 (10.42 KiB) Viewed 16 times
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Required information [The following information applies to the questions displayed below.] Jackson is 18 years old and has a dog-sitting business. Calculate the 2021 standard deduction Jackson will claim under the following independent circumstances.
a. Jackson reported $2,000 of earnings from his dog sitting and $300 in interest income from his savings account. Jackson's parents claim him as a dependent. Standard deduction
b. Jackson reported $500 of earnings from his dog sitting and $2,000 in interest income from his savings account. Jackson's parents claim him as a dependent. Standard deduction
c. Jackson reported $8,000 of earnings from his dog sitting and $3,000 in interest income. Jackson's parents do not claim him as a dependent. Standard deduction
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