In 2020 R, age 11, earned $3,000 from television appearances. She also had $7,000 of interest income.

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In 2020 R, age 11, earned $3,000 from television appearances. She also had $7,000 of interest income. R is properly claimed as a dependent by her parents. In calculating R's tax, the amount of income that would taxed at the parent's rate is:

$800
$0
$3,650
The correct answer is not shown
$4,800

Related Book For answer-question

South Western Federal Taxation 2016 Comprehensive

ISBN: 9781305395114

39th edition

Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young

Posted Date: Jan 29, 2021 12:33 AM

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In 2020 R, age 11, earned $3,000 from television appearances. She also had $7,000 of interest income.

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Ans 11 As per IRS for tax year 2020 the unearned in... View the full answer

South Western Federal Taxation 2016 Comprehensive

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