Lucy is 17 years old and a dependent of her parents. She receives ($9,000) of wages from

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Lucy is 17 years old and a dependent of her parents. She receives \($9,000\) of wages from a part-time job and \($10,400\) of taxable interest from bonds she inherited. Her parents are married, file jointly, and have \($240,000\) of taxable income. Determine Lucy’s taxable income and tax.

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Pearsons Federal Taxation 2024 Individuals

ISBN: 9780138238100

37th Edition

Authors: Mitchell Franklin, Luke E. Richardson

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