Question: Problem 3-37 (LO. 3, 7) Question Content Area Taylor, age 18, is claimed as a dependent by her parents. For 2022, she has the following
Problem 3-37 (LO. 3, 7) Question Content Area Taylor, age 18, is claimed as a dependent by her parents. For 2022, she has the following income: $6,250 wages from a summer job, $800 interest from a money market account, and $300 interest from City of Chicago bonds. If an amount is zero, enter "0". Click here to access the 2022 tax rate schedule. a. Determine the following:
Taylor's standard deduction for 2022 is $fill in the blank
1 . Taylor's taxable income for 2022 is $fill in the blank _
2 . Question Content Area b. Compute Taylor's "net unearned income" for the purpose of the kiddie tax. $fill in the blank
_1 Compute Taylor's income tax. [Her parents file a joint return and have taxable income of $135,000 (no dividends or capital gains).] $
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