Question: Taylor, age 1 8 , is claimed as a dependent by her parents. For 2 0 2 3 , she has the following income: $
Taylor, age is claimed as a dependent by her parents. For she has the following income: $ wages from a summer job, $ interest from a money market account, and $ 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
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a Taylor's standard deduction for is $fill in the blank
Taylor's taxable income for is $fill in the blank
Question Content Area
b Compute Taylor's "net unearned income" for the purpose of the kiddie tax.
$fill in the blank
Compute Taylor's tax liability. Her parents file a joint return and have taxable income of $no dividends or capital gains
$fill in the blank
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