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1. Tom is 17 years old and is a dependent of his parents. Tom earned $3,000 working part time at a car wash in 2021.

1. Tom is 17 years old and is a dependent of his parents. Tom earned $3,000 working part time at a car wash in 2021. John also earned $ 3,300 in interest income. Tom's parents are in the 37% marginal income tax bracket. a. Calculate Tom's standard deduction. b. Calculate Tom's Taxable Income. Calculate Tom's 2021 Federal Tax

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