Question: In 2 0 2 3 , Jack, age 1 2 , has interest income of $ 5 , 3 4 0 on funds he inherited

 In 2023, Jack, age 12, has interest income of $5,340 on

In 2023, Jack, age 12, has interest income of $5,340 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.
\table[[Jack's net unearned income is],[Jack's allocable parental tax is],[Jack's total tax is]]
funds he inherited from his aunt and no earned income. He has

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