Brian and Kim have a 12 year old child, Stan For 2013, Brian and Kim have taxable income of $52,000, and Stan has non qualifying dividend income of $4,500 and investment expenses of $250 No election is made to include Stan 's income on Brian and Kim 's return a For purposes of the parental tax, cal...

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Brian and Kim have a 12-year-old child, Stan. For 2013, Brian and Kim have taxable income of

Question:

Brian and Kim have a 12-year-old child, Stan. For 2013, Brian and Kim have taxable income of $52,000, and Stan has non-qualifying income of $4,500 and investment expenses of $250. No election is made to include Stan's income on Brian and Kim's return.
a. For purposes of the parental tax, calculate Stan's net unearned income. $____________
b. Calculate the amount of Stan's parental tax. $_____________
c. Calculate Stan's total tax for 2013. $_____________
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...