Suzanna earns $4000 in her summertime job; the rest of the year she attends college fulltime....
Suzanna earns $4000 in her summertime job; the rest of the year she attends college fulltime. Suzanna may claim an exemption from FIT withholding if: a.she also has a taxable scholarship (used for housing) = $15,000. b.her unearned income (interest) = $1698. c.her aunt claims her as a dependent and she has no unearned income. d.her unearned income (dividends) = $1800.
Homework Answers
The answer is c) her aunt claims her as a dependent and she has no unearned income.
suzanna earns $4000 in her summertime job and the rest of the year she attend college fulltime, the income earn by suzana clubbed in the hand of her aunt as suzanna is dependent on her.
hence there is no tax liability in the hand of suzanna as her income is clubbed in the hand of her dependent aunt.
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Round your answer to the nearest dollar.
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Biweekly allowance: $161.54 per person.
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Round your answer to the nearest dollar.
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