Darren,age 20 and Not Disabled,earns $4,000 During 2014

question 154

True/False

Darren,age 20 and not disabled,earns $4,000 during 2014.Darren's parents cannot claim him as a dependent unless he is a full-time student.

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Definitions:

Federal Taxes

Taxes collected by the federal government, involving income tax, payroll taxes, and various other taxes.

State And Local Taxes

Various forms of taxation imposed by state, regional, and local governments, including income, sales, property, and other taxes.

Progressive

A tax system in which the tax rate increases as the taxable amount increases, often aimed at reducing income inequality.