12. Dominic is 17 years old, and the son of parents in the 37% tax bracket. He earns $5,000 from a part-time job. His parents provide over one-half of his support. He received a corporate bond fund as a gift from his grandparents last year. For 2021, Dominic earned $7,500 of interest income from this fund. What is Dominic's federal income tax liability? A) $715 B) $1,301 C) $2,146 D) $2,646