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Jessica is 14 years old and often assists neighbors to be their domestic helper on the...

  1. Jessica is 14 years old and often assists neighbors to be their domestic helper on the weekend. Calculate the 2020 standard deduction Jessica will claim if she reports $2500 earning from a helper job.

Solutions

Expert Solution

Total standard deduction for 2020 is

$12,400 - Singles

$24,800 - Married, filing jointly

$12,400 - Married , filing separately

$18,650 - Head of household

Jessica being a minor will fall under the category of singles and is eligible for a deduction of $12,400. However her income is $2,500 for the year from the helper job.

So she can claim a maximum deduction of $2,500 for the year 2020

ekkarill92 answered 2 years ago
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