Lewis, who is single, is claimed as a dependent on his parents' tax return. He received $2,000 during the year in dividends, which was his only income. What is his standard deduction?
A) $950
B) $2,000
C) $2,300
D) $5,800
Answer: A
Lewis, who is single, is claimed as a dependent on his parents' tax return. He received $2,000 during the year in dividends, which was his only income. What is his standard deduction?
A) $950
B) $2,000
C) $2,300
D) $5,800
Answer: A