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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Related Book For
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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