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in 2018, Carson is claimed as a dependent on her parent's tax return. Carson's parents provided...

in 2018, Carson is claimed as a dependent on her parent's tax return. Carson's parents provided most of his support. What is Carson's tax liability for the year in each of the following alternative circumstances?

a) Carson is 23 years old at year end. He is a full time student and earned $14,975 from his summer internship and part time job. He also received $6,080 of qualified dividend income.

Tax Liability XXX

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Answer #1

Answer:

We have to Calculate of tax libilties.

Description Amount Explanation
      1 Gross Income             14975 All earned income.
      2 Standard deduction             (6,080) Not subject to kiddin tax.
      3 Personal exemption 0 Claimed as dependent on parents return.
      4 Taxable income 8895 1-2
      5 Total Tax 889.5 8895 x 10% ( Tax shedule)
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