During the 2012, Taxpayer C (Age 17 on the Last

question 16

Multiple Choice

During the 2012, taxpayer C (age 17 on the last day of the taxable year and a dependent on his widowed mother's tax return) receives $350 of interest on a savings account and $900 earned income from baby-sitting.Based on these facts, which one of the following statements is correct?

• A)C has taxable income of $50 which will be taxed at the rate applying to single taxpayers.
• B)C has no taxable income.The $350 of unearned income will be taxed on C's mother's return for the current year.
• C)C has no taxable income because his standard deduction is greater than $1,300.
• D)C has taxable income of $1,300 which will be taxed on C's return at the marginal rate that would apply on his mother's return.

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Definitions:

Travel the World

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A complex pattern of characteristics, behaviors, and thought processes that defines an individual's personal identity and distinguishes them from others.

Interactionism

In psychology, the theory that there are reciprocal interactions between an individual's behavior and their environment, including the social context.

Personality Attributes

Characteristics or qualities that form an individual's distinct personality traits.