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Problem 3-37 (Algorithmic) (LO. 3, 7) Taylor, age 14, is claimed as a dependent by...

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Problem 3-37 (Algorithmic) (LO. 3, 7) Taylor, age 14, is claimed as a dependent by her parents. For 2020, she has the following income: $3,800 wages from a summer job, $1,950 interest from a money market account, and $2,100 interest from City of Chicago bonds. If required, round your answers to the nearest dollar. If required, round your answers to the nearest dollar. If an amount is zero, enter "O". Click here to access the 2020 tax rate schedule. a. Taylor's standard deduction for 2020 is $ Taylor's taxable income for 2020 is $ Feedback b. Compute Taylor's "net unearned income" for the purpose of the kiddie tax. o $ Compute Taylor's tax liability. [Her parents file a joint return and have taxable income of $135,000 (no dividends or capital gains).]

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