Question: Paige, age 17, is claimed as a dependent on her parents' 2014 return, on which they report taxable income of $120,000 (no qualified dividends or
Paige, age 17, is claimed as a dependent on her parents' 2014 return, on which they report taxable income of $120,000 (no qualified dividends or capital gains).
Paige earned $3,900 pet sitting and $4,000 in interest on a savings account. What are Paige's taxable income and tax liability for 2014?
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