during 2021, jasmine (age 12) received $6,500 interest income from a corporation bond. She also...
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Accounting
during 2021, jasmine (age 12) received $6,500 interest income from a corporation bond. She also received $600 interest income from a savings account established for her by her parents. Jasmine lives with her parents and she is claimed as a dependent in their tax return. Assuming her parents's marginal tax rate is 24%. What is Jasmine's gross tax liability?
$0
$110
$1176
$1286
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