Benjamin,age 16,is claimed as a dependent by his parents.During 2013,he earned $700 at a car wash.Benjamin's standard deduction is $1,350 ($1,000 + $350).

Question

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In 2013, the standard deduction for a dependent is the greater of $1,000 or earned income plus $350, but not more than the regular standard deduction for a single filer, which was $6,100. Therefore, Benjamin's standard deduction would be $1,050 ($700 + $350).

Benjamin,age 16,is Claimed as a Dependent by His Parents