Problemmarcy age 12 earned 400 from babysitting during 2013, Ask an Expert

Accounting

Problem:

Marcy, age 12, earned $400 from babysitting during 2013. Her parents claim her as a dependent. She also had interest and dividends of $2,600 during the year. She did not itemize deductions.

Required:

What is her net unearned income for 2013?

A. $3,000

B. $2,600

C. $1,600

D. $600

Note: Please provide full description.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165581

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