LO 6.7 29. Nikkie and Jean have two children, Richard (age 4) and Roberta (age 3). For purposes of the parental tax, Richard has net unearned income of $6,000 and Roberta has net unearned income of $4,000. Assuming that their total parental tax for 2010 is

$2,400, allocate the total parental tax to Richard and Roberta.

a. Richard’s parental tax $____________

b. Roberta’s parental tax $____________ LO 6.7 30. Please explain the two different ways that the tax on unearned income of minor children, or ‘‘kiddie tax,’’ can be reported.

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