Stephanie is 12 years old and often assists neighbors on weekends by babysitting their children. Calculate the 2018 standard deduction Stephanie will claim under the following independent circumstances (assume that Stephanie’s parents will claim her as a dependent).a. Stephanie reported $1,400 of earnings from her babysitting.Standard deduction =b. Stephanie reported $2,490 of earnings from her babysitting.Standard deduction =c. Stephanie reported $19,415 of earnings from her baby sitting.Standard deduction =

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Answer:

Answer is explained below.

Explanation:

a.  Standard  deduction  =  $1,700 .  That  is  the  greater  of  the  minimum standard  deduction  $1,050  or  $350  plus  her  earned  income  $1,400.

b. Standard deduction  =  $2,840.  That is the greater of the minimum standard deduction $1,050 or $350 plus her earned income $2,490.

c. Standard deduction = $12,000. That is $350 plus her earned income $19,415 but limited to the maximum standard deduction for a single for 2018 ($12,000).