Question: Brian and Kim have a 12-year-old child, Stan. For 2012, Brian and Kim have taxable income of $52,000, and Stan has nonqualifying dividend income of
Brian and Kim have a 12-year-old child, Stan. For 2012, Brian and Kim have taxable income of $52,000, and Stan has nonqualifying 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 2012. $_____________
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