Based on the amount that Hester received from his part time job, and qualified dividends, the taxable income for 2022 would be $10, 290
To find the taxable income for Hester, you need to add up his income for the period and then deduct his deductions. If he claims no itemized deductions, then the standard deduction will apply.
Based on the fact that Hester is dependent on his parents, he should receive a different type of deduction but based on his income, he will receive the standard deduction for single filers in 2022.
The standard deduction that single filers get in 2022 is $12,950 which means that the taxable income to Hester for 2022 is:
= Qualified dividends + Income from part time job - Standard deduction
= 10, 120 + 13, 120 - 12, 950
= $10, 290
Find out more on taxable income at https://brainly.com/question/23508749
#SPJ1
