Return to question 5 Problem 14-20 (Static) (LO 14-3] 1 Danny Liu is 20 years old and is considered a dependent of his parents for tax purposes. Assume the taxable year is 2021. points Required: a. Compute Danny's taxable income if Danny's only income item was $2,712 interest earned on a certificate of deposit. b. Compute Danny's taxable income if Danny had two income items: $2,712 interest earned on a certificate of deposit and $3,276 wages from a part-time job. C. Compute Danny's taxable income if he was not considered a dependent of his parents for tax purposes in part a and part b. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute Danny's taxable income if Danny's only income item was $2,712 interest earned on a certificate of deposit. Taxable income $ 1,662 X