Share Teens and Taxes HS-PF 1.2 Review
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True or False: A dependent youth can earn up to $12,400 and not have to file a tax return.
True
1. Stella is 16 years old and she earned $3,500 in cash babysitting her neighbor’s son. Does she need to file a tax return? Why or why not?
No. Babysitters are considered "household employees" so she is not required to pay taxes on that income.
Debbie is 18 years old. She earned $3,500 this year at a local ice cream shop. Does she need to file a tax return? Why or why not?
No. She did not meet the $12,400 threshold.
If you babysit for your neighbor, would you be considered a "household employee" or "self employed"?
Household Employee
If you open a lemonade stand, would you be considered a "household employee" or "self-employed"?
Self-Employed
If your neighbor pays you to mow his yard, are you considered a "household employee" or "self-employed"?
Household Employee
If you get paid to design a website are you considered a "household employee" or "self-employed"?
Self-employed
If Jose earns $1700 this year selling t-shirts he screenprints in his garage, what taxes would he need to pay?
Self Employment (SE) taxes because he made more than $400.
True or False: Everyone over the age of 18 is required to file an income tax return.
False
A 16 year old high school student lives with her parents and earned $210 from her Etsy Store. Is she legally required to file a tax return?
No. She can be claimed on her parents return and did not meet the income threshold of $12,400.
Tim is a 16 year old high school student that lives with his parents. He earned $5,200 at his part-time job. Can his parents claim him as a dependent on their taxes?
Yes.
