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A 22-year-old full-time student earned $11,000 in salary and received $9,000 in interest from corporate bonds. The bonds were a gift from the student's grandparents.
A 22-year-old full-time student earned $11,000 in salary and received $9,000 in interest from corporate bonds. The bonds were a gift from the student's grandparents. The student's parents pay more than half of the student's support, including $25,000 in tuition. Which of the following statements is correct regarding the student's current-year income tax? Neither the student's salary nor the interest income will be subject to the "kiddie tax." Both the student's salary and a portion of the interest income will be subject to the "kiddie tax." The student's salary income and no other income will be subject to the "kiddie tax." A portion of the student's interest income and no other income will be subject to the "kiddie tax
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