Tom, age 13, is claimed as a dependent by his parents. Tom has unearned income of $3,400
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- Tom, age 13, is claimed as a dependent by his parents. Tom has unearned income of $3,400 and $300 of income from mowing lawns in the neighborhood. If the first $2,600 of Tom\\\'s net unearned income is taxed at 10%, what is Tom’s 2019 income tax liability?
a. | None of these | |
b. | $260 | |
c. | $370 | |
d. | $0 | |
e. | $459 |
Expert Answer:
Related Book For 
Essentials of Federal Taxation 2018
ISBN: 9781260007640
9th edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Posted Date:
