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Aiden and Bailey have a child, Lauren, who is a full-time student at the end of the tax year. Aiden and Bailey's taxable income is
Aiden and Bailey have a child, Lauren, who is a full-time student at the end of the tax year. Aiden and Bailey's taxable income is $84,000. Lauren's taxable income is $6,450. What tax rate will Lauren's net unearned income subject to the Kiddie Tax be taxed at?
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ANSWER IS The Kiddie Tax applies to a childs unearned income over a certain threshold For 2023 ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
