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"Donald is a 21-year-old full-time college student. During 2019, he earned $2,550 from a part-time job and $1,150 in interest income. If Donald is a dependent of his parents, what is his standard deduction amount

Respuesta :

Answer:

His standard deduction amount would be of $ 2,900

Explanation:

In order to calculate his standard deducion amount If Donald is a dependent of his parents we would have to make the following calculation:

Since His earned income is more than $1,150, therefore, Standard Deduction would be= $2,550 + $350

Standard Deduction would be= $2,900

Therefore, If Donald is a dependent of his parents, his standard deduction amount would be of $ 2,900