I:2-49 Kiddie Tax. Mike and Linda are a married couple who file jointly and have $100,000 of

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I:2-49 Kiddie Tax. Mike and Linda are a married couple who file jointly and have $100,000 of taxable income. They have three dependent children who are full-time students in 2022.

Mike and Linda provided $8,000 of support for each child. Information for each child is as follows:

Karen Susan Amelie Age 21 18 16 Wages $3,000 $11,000 $5,900 Interest income 2,800 2,400 2,300 Compute each child’s tax, assuming the interest income is taxable.

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Pearsons Federal Taxation Corporations Partnerships Estates And Trust 2023

ISBN: 9780137730391

36th Edition

Authors: KENNETH E. ANDERSON, DAVID S. HULSE, TIMOTHY J. RUPERT Richard J. Joseph LeAnn Luna

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