Hester (age 17) is claimed as a dependent by his parents, Charlton and Abigall. In...
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Hester (age 17) is claimed as a dependent by his parents, Charlton and Abigall. In 2023. Hester recelved $10,120 of qualified dividends, and he recelved $13,120 from a part-time job. What is his taxable income for 2023 ? (Use Standard deduction.) EXHIBIT 6-11 Standard Deduction Amounts* *For individuals claimed as a dependent on another return, the 2023 standard deduction is the greater of (1) $1,250 or (2) $400 plus earned income not to exceed the standard deduction amount of those who are not dependents
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