Max is 17 years old and is claimed as a dependent by his parents. Max...
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Accounting
Max is 17 years old and is claimed as a dependent by his parents. Max earned wages of $2,500 and had interest income of $1,000 during 2019. What is Maxs net unearned income (the portion of unearned income that is taxed at trust tax rate) for 2019? 1. $1,000. 2. $2,500. 3. $0. 4. $3,500
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