Debbie is 24 years old and a dependent of her parents. She earns $4,200 working part-time and receives $2,200 interest on savings. She saves both the salary and interest. What is her taxable income? Would her taxable income or tax be different if Debbie were 16 years old?© BrainMass Inc. brainmass.com June 4, 2020, 1:05 am ad1c9bdddf
Yes, she still has to file because she has met the first qualification below for those who have to file taxes (the first one and the third one). Her taxable income, therefore, is $6400.
The solution determines the taxable income.