Lenny, age 12, has $5,600 interest income from a trust established by his uncle. This is Lennys

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Lenny, age 12, has $5,600 interest income from a trust established by his uncle. This is Lenny’s only source of income for 2019.

a. What is Lenny’s taxable income and how much income tax does he owe?

b. How would your answers change if Lenny were age 24?

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Taxation For Decision Makers 2020

ISBN: 9781119562108

10th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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Question Posted: May 12, 2023 09:05 AM

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Lenny, age 12, has $5,600 interest income from a trust established by his uncle. This is Lennys

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Taxation For Decision Makers 2020

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