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Taylor, age 13, is claimed as a dependent by her parents. For 2018, she has...

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Accounting

Taylor, age 13, is claimed as a dependent by her parents. For 2018, she has the following income: $5,400 wages from a summer job, $1,950 interest from a money market account, and $1,875 interest from City of Boston bonds. If required, round your answers to the nearest dollar. If an amount is zero, enter "0".

a. Taylor's standard deduction for 2018 is $ .

Taylor's taxable income for 2018 is $ .

b. Compute Taylor's "net unearned income" for the purpose of the kiddie tax. $

Click here to access the 2018 tax rate schedule Compute Taylor's tax liability. $ .

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