Question: In 2 0 2 3 , Jack, age 1 2 , has interest income of $ 6 , 0 6 0 from funds he inherited
In Jack, age has interest income of $ from funds he inherited from his aunt and no earned income. He has no investment expenses. Christian and Danielle his parents have taxable income of $ and file a joint return. Assume that no parental election is made.
Click here to access the tax rate schedule. If required, round the tax computations to the nearest dollar.
Jack's net unearned income is fillintheblank
Jack's total tax is
Tax Rate Schedules
SingleSchedule X Head of householdSchedule Z If taxable income is: Over But not over The tax is: of the amount over If taxable income is: Over But not over The tax is: of the amount over $ $ $ $ $ $ $ $ Married filing jointly or Qualifying widower Schedule Y Married filing separatelySchedule Y If taxable income is: Over But not over The tax is: of the amount over If taxable income is: Over But not over The tax is: of the amount over $ $ $ $ $ $ $ $
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