Question: Taylor, age 18 , is claimed as a dependent by her parents. For 2022 , she has the following income: $6,250 wages from a summer

 Taylor, age 18 , is claimed as a dependent by her

parents. For 2022 , she has the following income: $6,250 wages from

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 $ Taylor's taxable income for 2022 is $ Feedback Theck My Work To reduce the tax savings that result from shifting income from parents to children, the net unearned income (commonly called investment income) of certain children is taxed as if it were the parents' income. The kiddie tax applies to any child who is under age 19 (or under age 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).] The following information applies to Emily for 2022. Her filing status is single. Emily has no gambling winnings this year. Click here to access the Components of the tax formula to use. Indicate whether the following items are taxable or nontaxable to Emily. Identify whether the items are deductible (fully or partially) by Emily. Emily's taxable income in 2022 is $ X

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