Question
Computation of Kiddie Tax In 2020, Simon, age 12, has interest income of $900 and dividend income of $4,000. He has no investment expenses. Determine
Computation of Kiddie Tax
In 2020, Simon, age 12, has interest income of $900 and dividend income of $4,000. He has no investment expenses. Determine Simon's net unearned income and total tax liability.
Click here to access the 2020 tax rate schedule. If required, round the tax liability the nearest dollar.
| Net unearned income is | $. |
| Simon's total tax is | $. |
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Auditing
Authors: Allan Millichamp, John Taylor
9th Edition
1844809404, 978-1844809400
