Fred, 19 Years of Age and Single, Is Claimed as a Dependent

question 42

Multiple Choice

Fred, 19 years of age and single, is claimed as a dependent on his parents' return.He has decided not to go to college.The following information is derived from his tax return for 2012: $\begin{array}{lr}\text { Taxable interest and dividends } & \$ 3,600 \\\text { Salary from part-time job } & 2,500 \\\text { Itemized deductions } & 1,270\end{array}$ Which of the following is false?

• A)Fred's taxable income is $3,300.
• B)Fred will not itemize his deductions for the year.
• C)$1,700 of the interest and dividends will be taxed at Fred's parents' marginal tax rate if it is higher than Fred's rate.
• D)Fred's standard deduction is $2,800.

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Definitions:

Broad Singlet

A NMR signal appearing as a single peak but broader than typical singlets, often resulting from molecules with rapid internal motion.

NMR Data

Information obtained from nuclear magnetic resonance spectroscopy, used to determine the structure and dynamics of molecules by examining the environment of nuclear spins.

Quartet

A term used in NMR spectroscopy referring to a signal split into four peaks due to coupling with three equivalent neighboring nuclei.

Spectral Data

Information derived from spectrometry, which provides insights into the structure and composition of substances by analyzing their electromagnetic spectrum.