Question: Answer the following Essential Question: Amy, age 8, is a qualified dependent to her father John. She received interest and dividends totaling $2,500 during 2019.
Answer the following Essential Question: Amy, age 8, is a qualified dependent to her father John. She received interest and dividends totaling $2,500 during 2019. 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 a dependent and still required to file taxes?
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