Deborah, who is single, is claimed as a dependent on her parents' tax return. She had a part-time job during 2011 and earned $850 during the year, which was her only income. What is her standard deduction?
Explanation: C) For a dependent, the standard deduction is the greater of earned income plus $300 ($850 + 300 = $1,150) or $950.
Page Ref.: I:2-12; Example I:2-7
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