Question: During the year Deron ( age 1 0 ) receive $ 1 0 5 0 in interest from an IBM bond and another $ 1

During the year Deron

(

age

10)

receive $

1050

in interest from an IBM bond and another $

1000

in interest from a money market account. His parents have been contributing to over the years what is his tax income and corresponding tax liability his mother is subject

24 %

marginal rate.

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