Jim Bob, age 13, has $600 of wage income and $4,000 of interest income in the current

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Jim Bob, age 13, has $600 of wage income and $4,000 of interest income in the current year. His parents are claiming him as a dependent. What is Jim Bob’s total taxable income for the year? What amount of the taxable income will be taxed at his parents’ top marginal rate?

Posted Date: Sep 28, 2021 09:25 PM

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Jim Bob, age 13, has $600 of wage income and $4,000 of interest income in the current

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Jim Bob has more than 2200 unearned income Parents tax rates will be applica... View the full answer

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