Problemelise age 20 is a full time college student with, Ask an Expert

Accounting

Problem:

Elise, age 20 is a full time college student with earned income from wages of $4,400 and interest income of $500. Elise's parents provide more than half of her support.

Required:

Elise's taxable income is?

a. $-0-

b. $200

c. $500

d. $3,950

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165349

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