Answer the following Essential Question: Amy, age $8,$ is a qualified dependent to her father John. She received interest and dividends totaling $$3,500$ during $2022.$ What tax responsibilities, if any, does Amy have?

Guiding Hints$/$Questions:

$-$ Are dependents required to file taxes if they have unearned income?

$-$ If so$,$ how are their taxes determined?

$-$ does kiddie tax apply?

$-$ can someone be dependent and still required to file taxes?

note:

The minimum income requiring a dependent to file a federal tax return. $2022$ filing requirements for dependents under $65$: Earned income of at least $$12,950,$ or unearned income $($like from investments or trusts$)$ of at least $$1,150.$

For children under age $18$ and certain older children described below in Who Must File, unearned income over $$2,300$ is taxed at the parent's rate if the parent's rate is higher than the child's. If the child's unearned income is more than $$2,300,$ use Form $8615$ to figure the child's tax.