In: Accounting
FOR 2019 TAX
In 2019, Carson is claimed as a dependent on his parents' tax return. Carson's parents provided most of his support.
a. Carson is 17 years old at year-end and earned $14,600 from his summer job and part-time job after school. This was his only source of income.
b. Carson is 23 years old at year-end. He is a full-time student and earned $14,600 from his summer internship and part-time job. He also received $6,090 of qualified dividend income.