For the "kiddie tax" rule to apply, the child must __________. -Have less than $2,200 in investment income. -Have enough earned income to pay over 50% of their own support. -Have at least one living parent. -Not have attained age 23 in the tax year.
For the "kiddie tax" rule to apply, the child must __________. -Have less than $2,200 in investment income. -Have enough earned income to pay over 50% of their own support. -Have at least one living parent. -Not have attained age 23 in the tax year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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6
For the "kiddie tax" rule to apply, the child must __________.
-Have less than $2,200 in investment income.
-Have enough earned income to pay over 50% of their own support.
-Have at least one living parent.
-Not have attained age 23 in the tax year.
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