Taylor, age 16, is claimed as a dependent by her parents. For 2019, she has...
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Accounting
Taylor, age 16, is claimed as a dependent by her parents. For 2019, she has the following income: $5,600 wages from a summer job, $1,495 interest from a money market account, and $2,100 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 2019 is $.
Taylor's taxable income for 2019 is $
b. Compute Taylor's "net unearned income" for the purpose of the kiddie tax. $
Compute Taylor's tax liability. $.
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