Question
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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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
