Compute minnies taxable income assuming she is a dependent

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Reference no: EM131808022

The following information for 2016 relates to Minnie Mouse, a single taxpayer, age 25: Salary $4,350; Taxable interest income $6,800; Itemized deductions $2,750.

a. Compute Minnie's taxable income assuming she is self supporting and is not a dependent on anyone else's tax return, and files a 1040 tax return.

b. Compute Minnie's taxable income assuming she is a dependent of her parents, that she has taxable interest income of only $800 and that she files a 1040 tax return.

Reference no: EM131808022

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