I am genuinely trying to learn it. Can you walk me through the steps? During...
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Accounting
I am genuinely trying to learn it. Can you walk me through the steps?
During 2020, Jasmine (age 12) received $6,500 from a corporate bond. She also received $600 from a savings account established for her by her parents. Jasmine lives with her parents and she is their dependent. Assuming her parents marginal tax rate is 24% What is Jasmines gross tax liability?
It says the answer is $1286 but I cannot figure out how.
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You can see the logs in the Dashboard.