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1. In 2020, Matthew, age 13, has interest income of $4,950 and no earned income. He is single and a dependent of his parents. His
1. In 2020, Matthew, age 13, has interest income of $4,950 and no earned income. He is single and a dependent of his parents. His parent's had taxable income of $54,700 and file a joint return. What is Matthew's total tax liability for 2020?
$440
$385
$0
$462
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