Please answer this question. Stephanie is 12 years old and often assists neighbors on weekends...

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Accounting

Please answer this question. Stephanie is 12 years old and often assists neighbors on weekends by babysitting their children. Calculate the 2019 standard deduction Stephanie will claim under the following independent circumstances (assume that Stephanies parents will claim her as a dependent). Use Exhibit 7-3.

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Required information [The following information applies to the questions displayed below.) Stephanie is 12 years old and often assists neighbors on weekends by babysitting their children. Calculate the 2019 standard deduction Stephanie will claim under the following independent circumstances (assume that Stephanie's parents will claim her as a dependent). Use Exhibit 7-3. a. Stephanie reported $850 of earnings from her babysitting. Standard deduction EXHIBIT 7-3 Standard Deduction Amounts Filing Status Married filing jointly Head of household Single Married filing separately 2018 Amounts Basic Standard Additional Standard Deduction for Deduction Age and/or Blindness at End of Year $24.000 $1,300 18,000 1,600 12,000 1,600 12,000 1,300 Filing Status Married filing jointly Head of household Single Married filing separately 2019 Amounts Basic Standard Additional Standard Deduction for Deduction Age and/or Blindness at End of Year $24.400 $1,300 18,350 1,650 12,200 1,650 12.200 1,300 *For individuals claimed as a dependent on another return, the 2019 standard deduction is the greater of (1) $1,100 or (2) $350 plus earned income not to exceed the standard deduction amount of those who are not dependents

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