Solved: Nancy is 16 yeas old and is claimed as a dependent by her, Accounting Basics

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Nancy is 16 yeas old and is claimed as a dependent by her

Question - Nancy is 16 yeas old and is claimed as a dependent by her parents in 2011. In 2011 she had the following income: Wages $3,000; taxable interest income $1,500.

What is Nancy's taxable income?

A. Zero

B. $4,500

C. $1,200

D. None of the above

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Accounting Basics: Nancy is 16 yeas old and is claimed as a dependent by her

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Prepared by a verified Expert

Accounting Basics: Nancy is 16 yeas old and is claimed as a dependent by her

Reference No:- TGS02604409

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