Generally, the tax rate that applies to the unearned income of a minor under the kiddie tax
Question:
Generally, the tax rate that applies to the unearned income of a minor under the kiddie tax in 2019 is:
a. The same as the parents’ tax rate
b. The same as the single taxpayer rate
c. The same as the head of household rate
d. The same as the trust and estate rate
e. The unearned income of a minor is not taxed
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However these rates can be higher than the parents rates For example the kiddie tax ...View the full answer
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Related Book For
Income Tax Fundamentals 2020
ISBN: 9780357108239
38th Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
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