A retired 78-year-old individual is unmarried, has no dependents, and holds a part- time job that pays $3,000 per year. The individual also has corporate bonds that pay interest income each year. A What is the minimum amount of interest the corporate bonds must pay for this individual to be required to file income taxes for 2021? O $9,551 O $11,251 O $12,551 $21,801
A retired 78-year-old individual is unmarried, has no dependents, and holds a part- time job that pays $3,000 per year. The individual also has corporate bonds that pay interest income each year. A What is the minimum amount of interest the corporate bonds must pay for this individual to be required to file income taxes for 2021? O $9,551 O $11,251 O $12,551 $21,801
Chapter19: Deferred Compensation
Section: Chapter Questions
Problem 23CE
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Transcribed Image Text:A retired 78-year-old individual is unmarried, has no dependents, and holds a part-
time job that pays $3,000 per year. The individual also has corporate bonds that pay
interest income each year.
What is the minimum amount of interest the corporate bonds must pay for this
individual to be required to file income taxes for 2021?
$9,551
O $11,251
O $12,551
$21,801
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