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During 2018, Jasmine (age 12) received $7,000 from a corporate bond. She also received $700 from a savings account established for her by her parents.

During 2018, Jasmine (age 12) received $7,000 from a corporate bond. She also received $700 from a savings account established for her by her parents. Jasmine lives with her parents and she is their dependent. What is Jasmine's gross tax liability?

Multiple Choice

  • $0
  • $105
  • $1,092
  • $987

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