Renee is 19 years old, a full time student, and a dependent of her parents....
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Accounting
Renee is 19 years old, a full time student, and a dependent of her parents. She earns $1,800 from her job as a waitress and receives $3,500 of interest on a savings account established by her grandparents.
| (1) What is Renee's taxable income for 2022?
(2) What is Renee's total tax liability on the taxable income (assume her parents had a marginal tax rate of 35%)? |
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