Taylor, age 18, is a dependent of her parents. For 2019, she has the following income: $4,000
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Taylor, age 18, is a dependent of her parents. For 2019, she has the following income: $4,000 of wages from a summer job, $1,800 of interest from a money market account, and $2,000 of interest from City of Boston bonds.
a. What is Taylor’s taxable income for 2019?
b. What is Taylor’s tax for 2019?
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a Wages 4000 Money market interest 1800 Bond interest City of Boston bond interest is ta...View the full answer
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Related Book For
South-Western Federal Taxation 2020 Essentials Of Taxation Individuals And Business Entities
ISBN: 9780357109175
23rd Edition
Authors: Annette Nellen, James C. Young, William A. Raabe, David M. Maloney
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