Question: Problem 3-37 (Algorithmic) (LO. 3, 7) Taylor, age 18, is daimed as a dependent by her parents. For 2019, she has the following income: $5,000
Problem 3-37 (Algorithmic) (LO. 3, 7) Taylor, age 18, is daimed as a dependent by her parents. For 2019, she has the following income: $5,000 wages from a summer job, $1,430 interest from a money market account, and $1,875 interest from City of Boston bonds. If required, round your answers to the nearest dollar. If an amount is zero, enter "0". a. Taylor's standard deduction for 2019 is s Taylor's taxable income for 2019 is s b. Compute Taylor's "net unearned income" for the purpose of the kiddie tax. Click here to access the 2019 tax rate schedule. Compute Taylor's tax liability
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