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Debbie is 2 3 years old, a full - time student, and a dependent of her parents. She earns $ 4 , 2 0 0
Debbie is years old, a fulltime student, and a dependent of her parents. She earns $
working parttime and receives $ interest on savings. She saves both the salary and the
interest and does not use it for her support. Debbies parents marginal tax rate is Answer
the following questions for the current year:
a What is Debbies taxable income?
b What is Debbies net unearned income?
c What is the amount of kiddie tax Debbie must pay, if any?
d What is the total amount of Debbies tax liability?
e How would your answers to parts a b c and d change if Debbie received $ for working parttime and $ in interest on savings?
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