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Warren, age 17, is claimed as a dependent by his father. In 2010, Warren has dividend income of $1,500 and earns $400 from a part-time job.

a. What is Warren's taxable income for 2010?

b. Suppose Warren earned $1,200 (not $400) from the part-time job. What is Warren's taxable income for 2010?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M984127

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