Question: Brian and Kim have a 12 year old child Stan For 2014

Brian and Kim have a 12-year-old child, Stan. For 2014, Brian and Kim have taxable income of $52,000, and Stan has non-qualifying dividend income of $4,500 and investment expenses of $250. No election is made to include Stan’s income on Brian and Kim’s return.
a. For purposes of the parental tax, calculate Stan’s net unearned income. $ ________________
b. Calculate the amount of Stan’s parental tax. $ _________
c. Calculate Stan’s total tax for 2014. $ ____________

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  • CreatedJuly 16, 2015
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