Question

Annabelle, age 17, is claimed as a dependent on her mom’s tax return. During 2019, she had bank interest income of $3,700 and $800 of wages from a part-time job. Annabelle’s total taxable income is:

Answer 1

Annabelle's age is 17.so, her mom does not eligible for child tax credit.because annabelle age is not under 17.

Child tax credit is available if dependant child's age is under 17.

So,the maximum amount of deduction is available for annabelle'smom  can get for her child is $ 2000.for tax year 2019.

Total income of annabelle = interest income + part time wages.

= $ 3700 + $ 800.

= $ 4500.

Annabelle's total taxable income = total income - maximum deduction amount.

= $ 4500 - $ 2000.

= $ 2500.