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6 . What does the Kiddie Tax refer to in the context of U . S . taxation ? a ) A tax imposed on

6. What does the Kiddie Tax refer to in the context of U.S. taxation ? a) A tax imposed on investment and unearned income of children below a certain age threshold b) A tax applied to parents who claim their children as dependents on their tax returns c) A tax deduction available to families with young children for childcare expenses d ) A tax credit offered to families with children to offset education-related costs 7. Trish Old, age 17, is claimed as a dependent by her parents. She received a 1099-INT from her savings account in the amount of $ 1,300.00. How is this income reported? a ) As part of her parent's tax return, at $50.00 using the child's tax rate. b ) Not reported since she is a minor c ) As part of her parent's tax return, at $1,300.00 using the parent's tax rate . d ) Reported as part of her school expense8. The standard mileage rate for business use of an automobile for 2023? a)62.5\mathfrak{c}/ m * ile b)22\mathfrak{c}/ m * ile c)55.5\mathfrak{c}/ m * ile d )65.5\mathfrak{c}/ m * ile e) None of these 9. For self- employed individuals in 2023, the percentage of business meal expenses that is deductible is : a 100% b)50% c )25% d )75%10. In 2023, Bill Gates purchased a printer for his business for $ 1,500.00. What is the amount of bonus depreciation he is allowed in 2023? a ) $ 300.00 b) $1,250.00 c ) $1,500.00 d ) $1,200.00

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