4-48 Kiddie Tax. For each situation below, compute the child's taxable income and the amounts that would be taxed at the child's rates and the parents' for the 2022 tax year. a. When J's rich uncle died, he left her GM corporate bonds. This year J received $3,050 of interest from these bonds, her only income. J is seven years old. b. L, age 13, works in his father's music store on weekends. During the year, he earned $1,200 from this job. In addition, L had $2,500 of interest income attributable to a gift from his grandfather. C. Same as (b) except L's earned income was $6,600 and interest income was $2,850.