Scott is 15 years old and qualifies as a dependent on his parents tax return. During 2017

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 Scott is 15 years old and qualifies as a dependent on his parents’ tax return. During 2017 he earns $2,500 from a part-time job and also receives $800 of dividend income on stock given to him by his aunt. What is Scott’s taxable income?

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Related Book For  answer-question

Taxation For Decision Makers 2018

ISBN: 9781119373735

8th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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