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Your son, Alex, wants to save up money to buy Nintendo Switch games.

He starts mowing neighborhood lawns for $30/each to fund his habit.

While you are stingy when it comes to video game money, you are less so with savings account funds. Alex currently has a savings account in his name with $150,000 in it. While he is forbidden from touching this money until he starts college, the account is solely in his name.

a) Alex mowed 100 yards this summer. The interest rate on his savings account was 3%. Does he have to file?

b) Alex mowed 200 yards this summer. The interest rate on his savings account was .25%. Does he have to file?

c) Alex mowed 500 yards this summer. The interest rate on his savings account was .25%. Does he have to file?

Tax 1 Your son, Alex, wants to save up money to buy Nintendo Switch games. He starts mowing neighborhood lawns for $30/ each to fund his habit. While you are stingy when it comes to video game money, you are less so with savings account funds. Alex currently has a savings account in his name with $150,000 in it. While he is forbidden from touching this money until he starts college, the account is solely in his name. a) Alex mowed 100 yards this summer. The interest rate on his savings account was 3%. Does he have to file? 30100=ispid3,000is0,000,0}=4,500Mootearnotruluapeling,hastofille b) Alex mowed 200 yards this summer. The interest rate on his savings account was 25%. Does he have to file? 20030=6,000150,000+,0025=375nootiornidroli,doesnotgrenterthan12,250total c) Alex mowed 500 yards this summer. The interest rate on his savings account was . 25%. Does he have to file

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