49. LO.1, 3, 7 Paige, age 17, is claimed as a dependent on her parents 2013 return,...

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49. LO.1, 3, 7 Paige, age 17, is claimed as a dependent on her parents’ 2013 return, on which they report taxable income of $120,000 (no qualified dividends or capital gains).

Paige earned $3,900 pet sitting and $4,000 in interest on a savings account. What are Paige’s taxable income and tax liability for 2013?

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South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

ISBN: 9781285424484

37th Edition

Authors: William H. Hoffman Jr., William A. Raabe, James E. Smith, David M. Maloney, James C. Young

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Question Posted: Sep 05, 2024 11:02 AM

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49. LO.1, 3, 7 Paige, age 17, is claimed as a dependent on her parents 2013 return,...

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South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

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