In 2018, Simon, age 12, has interest income of $4,800 and no earned income. He has no

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In 2018, Simon, age 12, has interest income of $4,800 and no earned income. He has no investment expenses. Determine Simon's net unearned income and total tax liability.

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South-Western Federal Taxation 2019 Essentials Of Taxation Individuals And Business Entities

ISBN: 9781337702966

22nd Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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Question Posted: Jun 14, 2019 11:33 AM

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In 2018, Simon, age 12, has interest income of $4,800 and no earned income. He has no

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In 2018 net unearned income of a dependent child is computed as follows Unearned income Less 1050 Le...View the full answer

South-Western Federal Taxation 2019 Essentials Of Taxation Individuals And Business Entities

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