Problem 3-37 (Algorithmic) (LO. 3, 7) Taylor, age 14, is claimed as a dependent by her parents. For 2022, she has the following income: $3,600 wages from a summer job, $1,495 interest from a money market account, and $1,875 interest from City of Chicago bonds. If required, round your answers to the nearest dollar. If required, round your answers to the nearest dollar. If an amount is zero, enter "0". Click here to access the 2022 tax rate schedule. a. Taylor's standard deduction for 2022 is $ Taylor's taxable income for 2022 is $ b. Compute Taylor's "net unearned income" for the purpose of the kiddie tax. Compute Taylor's tax liability. [Her parents file a joint return and have taxable income of $135,000 (no dividends or capital gains).]

Problem 3-37 (Algorithmic) (LO, 3, 7) Taylor, age 14, is claimed as a dependent by her parents. For 2022, she has the following income: $3,600 wages from a summer job, $1,495 interest from a money market account, and \$1,875 interest from city of Chicago bonds. If required, round your answers to the nearest dollar. If required, round your answers to the nearest dollar. If an amount is zero, enter " 0 ". Click here to access the 2022 tax rate schedule. a. Taylor's standard deduction for 2022 is 9 Taylor's taxable income for 2022 is $ b. Compute Taylor's "net unearned income" for the purpose of the kiddie tax. Compute Taylor's tax lability. [Her parents file a joint return and have taxable income of $135,000 (no dividends or capital gains).]