Question: Problem 3-46 (LO. 1, 3, 7) Paige, age 17, is a dependent of her parents. During 2018, Paige earned $3,900 pet sitting and $4,100 in

Problem 3-46 (LO. 1, 3, 7)

Paige, age 17, is a dependent of her parents. During 2018, Paige earned $3,900 pet sitting and $4,100 in interest on a savings account.

Click here to access the 2018 tax rate schedule

What are Paige's taxable income and tax liability for 2018?

a. Paige's total taxable income is $3,750

b. Paige's tax liability is $ ?

I just need help with finding Paige's tax liability. $375, $175, $260 and $1,750 were wrong so those aren't even an option. Please show your work for the answer.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!