#20

During 2022, Jasmine (age 12) received $7,250 from a corporate bond. She also received $750 from a savings account established for her by her parents. Jasmine lives with her parents and she is claimed as a dependent in their tax return. Assuming her parents' marginal tax rate is 24%, what is Jasmine's gross tax liability? (Use Tax Rate Schedule, Standard deduction.) Multiple Choice $115 \$0 $1,483 $1,368 2022 Tax Rate Schedules Individuals Schedule X-Single Schedule Y-1-Married Filing Jointly or Oualifving Widow(er) Schedule Y-2-Married Filinorisanamatale. EXIIIBIT 6-11 Standard Deduction Amounts