Question: Taylor, age 18, is claimed as a dependent by her parents. For 2023, she has the following income: $5,000 wages from a summer job, $1,885

Taylor, age 18, is claimed as a dependent by her parents. For 2023, she has the following income: $5,000 wages from a summer job, $1,885 interest from a money market account, and $1,875 interest from City of Chicago bonds. Compute Taylor's "net unearned income" for the purpose of the kiddie tax. Compute Taylor's tax liability. [Her parents file a joint return and have taxable income of $135,000 (no dividends or capital gains).]

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