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ces Problem 14-20 (Static) [LO 14-3] Danny Liu is 20 years old and is considered a dependent of his parents for tax purposes. Assume
ces Problem 14-20 (Static) [LO 14-3] Danny Liu is 20 years old and is considered a dependent of his parents for tax purposes. Assume the taxable year is 2021. Required: a. Compute Danny's taxable income if Danny's only income item was $2.712 interest earned on a certificate of deposit. b. Compute Danny's taxable income if Danny had two income items: $2.712 Interest earned on a certificate of deposit and $3,276 wages from a part-time job. c. Compute Danny's taxable income if he was not considered a dependent of his parents for tax purposes in part a and part b. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute Danny's taxable income if Danny's only income item was $2,712 interest earned on a certificate of deposit. Taxable income Required A Required B >
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