Question: Taylor, age 18, is claimed as a dependent by her parents. For 2020, she has the following income: a) $4,000 of wages from a summer

Taylor, age 18, is claimed as a dependent by her parents. For 2020, she has the following income:

a) $4,000 of wages from a summer job,

b) $1,800 of interest from a money market account, and

c) $2,000 of interest from City of Boston bonds.

1) What is Taylor\'s taxable income for 2020?

2) What is Taylor\'s tax for 2020? {Her parents file a joint return and have taxable income of $130,000 (no dividends or capital gains)}.

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