Question: In 2 0 2 4 , Jack, age 1 2 , has interest income of $ 5 , 9 4 0 on funds he inherited

In 2024, Jack, age 12, has interest income of $5,940 on funds he inherited from his aunt and no 2024 Tax Rate Schedules
\table[[Single-Schedule X,Head of household-Schedule Z],[\table[[If taxable],[income is:],[Over-]],\table[[But not],[over-]],The tax is:,\table[[of the],[amount],[over-]],\table[[If taxable],[income is:],[Over-]],\table[[But not],[over-]],,The tax is:,\table[[of the],[amount],[over-]]],[$ 0,$ 11,600,.........10%,$ 0,$ 0,$ 16,550,,.........10%,$ 0],[11,600,47,150,$ 1,160.00+12%,11,600,16,550,63,100,$,1,655.00+12%,16,550],[47,150,100,525,5,426.00+22%,47,150,63,100,100,500,,7,241.00+22%,63,100],[100,525,191,950,17,168.50+24%,100,525,100,500,191,950,,15,469.00+24%,100,500],[191,950,243,725,39,110.50+32%,191,950,191,950,243,700,,37,417.00+32%,191,950],[243,725,609,350,55,678.50+35%,243,725,243,700,609,350,,53,977.00+35%,243,700],[609,350,,183,647.25+37%,609,350,609,350,in.....,,181,954.50+37%,609,350],[\table[[Married filing jointly or Qualifying widow(er)],[Schedule Y-1]],Married filing separately-Schedule Y-2],[\table[[If taxable],[income is:],[Over-]],\table[[But not],[over-]],The tax is:,\table[[of the],[amount],[over-]],\table[[If taxable],[income is:],[Over-]],\table[[But not],[over-]],,The tax is:,\table[[of the],[amount],[over-]]],[$ 0,$ 23,200,.........10%,$ 0,$ 0,$ 11,600,,........10%,$ 0],[23,200,94,300,$ 2,320.00+12%,23,200,11,600,47,150,,1,160.00+12%,11,600],[94,300,201,050,10,852.00+22%,94,300,47,150,100,525,,5,426.00+22%,47,150],[201,050,383,900,34,337.00+24%,201,050,100,525,191,950,,17,168.50+24%,100,525],[383,900,487,450,78,221.00+32%,383,900,191,950,243,725,,39,110.50+32%,191,950],[487,450,731,200,111,357.00+35%,487,450,243,725,365,600,,55,678.50+35%,243,725],[731,200,,196,669.50+37%,731,200,365,600,,,98,334.75+37%,365,600]]
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.
 In 2024, Jack, age 12, has interest income of $5,940 on

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