Question: In 2015, Carson is claimed as a dependent on his parent's tax return. His parents' ordinary income marginal tax rate is 28 percent. Carson's parents
| In 2015, Carson is claimed as a dependent on his parent's tax return. His parents' ordinary income marginal tax rate is 28 percent. Carson's parents provided most of his support.Use Tax Rate Schedule for reference. |
| What is Carson's tax liability for the year in each of the following alternative circumstances? |
| a. | Carson is 17 years old at year-end and earned $10,250 from his summer job and part-time job after school. This was his only source of income. tax liability : |
| b. | Carson is 23 years old at year-end. He is a full-time student and earned $10,250 from his summer internship and part-time job. He also received $3,800 of qualified dividend income. tax liability : |
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