Taylor, age 17, is claimed as a dependent by her parents. For 2021, she has the following income: $3,800 wages from a summer job, $1,755 interest from a money market account, and $1,875 interest from City of Chicago bonds. If required, round your answers to the nearest dollar. If required, round your answers to the nearest dollar. If an amount is zero, enter "0". a. Taylor's standard deduction for 2021 is $________ Taylor's taxable income for 2021 is $______ b. Compute Taylor's "net unearned income" for the purpose of kiddie tax. _______ Compute Taylor's tax liability. [Her parents file a joint return and have a taxable income of $135,000 (no dividends or capital gains).______
Taylor, age 17, is claimed as a dependent by her parents. For 2021, she has the following income: $3,800 wages from a summer job, $1,755 interest from a
a. Taylor's standard deduction for 2021 is $________
Taylor's taxable income for 2021 is $______
b. Compute Taylor's "net unearned income" for the purpose of kiddie tax. _______
Compute Taylor's tax liability. [Her parents file a joint return and have a taxable income of $135,000 (no dividends or
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