Question: Exercise 3-24 (Algorithmic) (LO. 7) In 2023, Jack, age 12, has interest income of $6,300 on funds he inherited from his aunt and no earned

Exercise 3-24 (Algorithmic) (LO. 7) In 2023, Jack, age 12, has interest income of $6,300 on funds he inherited from his aunt and no earned income. He has no investment expenses. Christian and Danielle (his parents) have taxable income of $88,150 and file a joint return. Assume that no parental election is made. Click here to access the 2023 tax rate schedule. If required, round the tax computations to the nearest dollar

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