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Tim is 16 years old,a high school student, and lives with hi parents.He earned $5,200 and his part-time job. Select the best possible answer.(Only 1 answer)

Tim is 16 years olda high school student and lives with hi parentsHe earned 5200 and his parttime job Select the best possible answerOnly 1 answer class=

Respuesta :

lvier

Answer:

the second one

Explanation:

prettyu sure,

only can claim is tim parents and he has no other choice but to return the file tax return

Parrain

Current tax laws allow Tim's parents to claim Tim as a dependent; Tim has the option to file a tax return

According to the IRS, Tim can be claimed as a dependent by his parents because:

  • He is their son
  • He is a student who is younger than 23
  • He lives with his parents

He also has the option but not the obligation to file a tax return because his gross income is less than $12,200 as a dependent.

In conclusion, Tim can be claimed as a dependent by his parents but he does not have to file a tax return.

Find out more at https://brainly.com/question/19910807.

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