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 $"$O$".$

Click here to access the $2022$ tax rate schedule.

a$.$ Determine the following:

Taylor's standard deduction for $2022$ is $ $$

Taylor's taxable income for $2022$ is : $$

Feedback

$q,$ Check My Work

To reduce the tax savings that result from shifting income from parents to children, the net unearned income $($commonly ci income$)$ of certain children is taxed as if it were the parents' income. The kiddie tax applies to any child who is under age $124$ if a full$-$time student$)$ and has unearned income of more than $$2,300.$

b$.$ Compute Taylor's "net unearned income" for the purpose of the kiddie tax. $$

Compute Taylor's income tax. $[$Her parents file a joint return and have taxable income of $$135,000($no dividends or capital gains$).]$