In 2020, Simon, age 12, has interest income of $7,020 on funds he inherited from his grandmother, and no earned income. He has no investment expenses. His parents have taxable income of $82,250 and file a joint return. Assume that no parental election is made.

 

 

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Simon's net unearned income is Simon's allocable parental tax is Simon's total tax is Simon's net unearned income is Simon's allocable parental tax is Simon's total tax is