Bill and Janet have one child, Robert, who is 9 years old. Robert has interest income of
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Bill and Janet have one child, Robert, who is 9 years old. Robert has interest income of $3,000 for the year. Bill and Janet’s taxable income for the year is $46,050. Calculate Robert’s tax liability for 2010, assuming Bill and Janet do not make an election to include Robert’s income on their tax return.
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Related Book For
Income Tax Fundamentals 2011
ISBN: 9780538469197
29th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller
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