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Marcy, age 12, earned $400 from babysitting during 2022. Her parents claim her as a dependent. She also had interest and dividends of $2,800 during the year. She did not itemize deductions. What is her net unearned income for 2022? A. $1,650 B. $3,200 C. $2,800 D. $500

Marcy, age 12, earned $400 from babysitting during 2022. Her parents claim her as a dependent. She also had interest and dividends of $2,800 during the year. She did not itemize deductions. What is her net unearned income for 2022? A. $1,650 B. $3,200 C. $2,800 D. $500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Marcy, age 12, earned $400 from babysitting during 2022. Her parents claim her as a dependent. She also had interest and dividends of $2,800 during the year. She did not itemize deductions. What is her net unearned income for 2022? A. $1,650 B. $3,200 C. $2,800 D. $500
Transcribed Image Text:Marcy, age 12, earned $400 from babysitting during 2022. Her parents claim her as a dependent. She also had interest and dividends of $2,800 during the year. She did not itemize deductions. What is her net unearned income for 2022? A. $1,650 B. $3,200 C. $2,800 D. $500
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