Exercise 9-6 (Algorithmic) (LO. 6)

In 2019, Simon, age 12, has interest income of $6,780 and no earned income. He has no investment expenses.

Click here to access the 2019 tax rate schedule and 2019 Estate and Trust Tax Rate Schedule. If required, round the tax liability to the nearest dollar.

Income Tax RatesEstates and Trusts

Taxable Income

Over

$0 2,600 9,300 12,750

Taxable Income Over

$0 2,550 9,150 12,500

Tax Year 2019

The Tax Is:

But not Over Over

$2,600 10%

$0 2,600 9,300 12,750

Net unearned income is	4580
Simon's total tax is