Question
19- Yulissa (age 12) received $6,550 from a corporate bond in 2020. Yulissa also received $600 from a savings account established for her by her
19- Yulissa (age 12) received $6,550 from a corporate bond in 2020. Yulissa also received $600 from a savings account established for her by her parents. Yulissa lives with her parents and she is claimed as a dependent on their tax return. Assuming her parents' marginal tax rate is 24%, what is Yulissa's gross tax liability? (Use Tax Rate Schedule, Standard deduction, Estates and Trusts.)
rev: 10_06_2020_QC_CS-232546
Multiple Choice
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$0
-
$110
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$1,188
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$1,298
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The Board Of Directors And Audit Committee Guide To Fiduciary Responsibilities Ten Critical Steps To Protecting Yourself And Your Organization
Authors: Sheila Moran CPA CFE, Ronald Kral CPA CMA
1st Edition
0814431666, 978-0814431665
