Question: Marcy is a 17 year old dependent high school student with income from wages of $8,000 and $4,000 of interest income from bonds given to
Marcy is a 17 year old dependent high school student with income from wages of $8,000 and $4,000 of interest income from bonds given to her by her grandparents. What is Marey's total income tax liability for the year 2020? DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!! USE THE APPROPRIATE TAX RATE SCHEDULES IN APPENDIX A OF YOUR TEXT!! IF YOU GET A DECIMAL AMOUNT IN YOUR FINAL ANSWER, ROUND UP THE ANSWER TO THE NEXT WHOLE DOLLAR AMOUNT
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