In $2024,$ Jack, age $12,$ has interest income of $$7,020$ 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 $$94,150$ and file a joint return. Assume that no parental election is

made.

Click here to access the $2024$ tax rate schedule. If required, round the tax computations to the nearest

In $2024,$ Jack, age $12,$ has interest income of $$7,020$ 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 $$94,150$ and file a joint return. Assume that no parental election is

made.

Click here to access the $2024$ tax rate schedule. If required, round the tax computations to the nearest dollar.