Paige, age 17, is a dependent of her parents. Her parents report taxable income of...
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Accounting
Paige, age 17, is a dependent of her parents. Her parents report taxable income of $120,000 on their joint return (no qualified dividends or capital gains). During 2023, Paige earned $3,900 pet sitting and $4,500 in interest on a savings account. What are Paige's taxable income and tax liability for 2023? a. Paige's total taxable income is $____ b. Paige's tax liability is $____
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