Question: During 2 0 2 3 , Michael earned $ 1 0 , 0 0 0 of interest on a bank account. On the basis of

During 2023, Michael earned $10,000 of interest on a bank account. On the basis of the information provided in the
case scenario for Ron and Sandy Peterson, how much of this income will be taxed at his parents' marginal rate?
$0
$10,000
$7,500
$8,750

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