Question: aylor, age 18, is claimed as a dependent by her parents. For 2022, she has the following income: $6,250 wages from a summer job, $800
aylor, age 18, is claimed as a dependent by her parents. For 2022, she has the following income: $6,250 wages from a summer job, $800 interest from a money market account, and $300 interest from City of Chicago bonds.
Determine the following: Taylor's standard deduction for 2022 is $fill in the blank 7cd213ffdff606a_1.
Taylor's taxable income for 2022 is
b. Compute Taylor's "net unearned income" for the purpose of the kiddie tax. $fill in the blank 42d1b60a3fb6f8c_1
Compute Taylor's income tax. [Her parents file a joint return and have taxable income of $135,000 (no dividends or capital gains).]
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