Taylor, age 18, is claimed as a dependent by her parents. For 2016, she records the following
Question:
a. What is Taylor's taxable income?
b. What is Taylor's Federal income tax? Her parents file a joint return and report taxable income of $130,000 (no dividends or capital gains).
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Related Book For
South Western Federal Taxation 2017 Comprehensive
ISBN: 9781305874169
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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