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In 2023, Jack, age 12, has interest income of $7,140 on funds he inherited from...

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Accounting

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In 2023, Jack, age 12, has interest income of $7,140 on funds he inherited from his aunt and no earned income, He has no investment expenses. Christlan and Danlelie (hils parents) have taxable income of $98,150 and file a joint return. Assume that no parental election is made. Click here to access the 2023 tax rate schedule. If required, round the tax computations to the nearest dollar

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