Answer:
The correct answer is option (C) $ 1,750
Explanation:
Given data:
Amount received from corporate bond = $ 2,200
Amount received from a savings account = $ 600
Thus, the total income = $ 2,200 + $ 600
or
The total income = $ 2800
Now,
the standard deduction for the person claimed as dependent's on another's tax return = $ 1,050
Hence, the total taxable income = Total income - standard deduction
or
the total taxable income = $ 2,800 - $ 1,050 = $ 1,750
Hence, the correct answer is option (C) $ 1,750
