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During 2018, Jasmine (age 12) received $7,350 from a corporate bond. She also received $770 from a savings account established for her by her parents.

During 2018, Jasmine (age 12) received $7,350 from a corporate bond. She also received $770 from a savings account established for her by her parents. Jasmine lives with her parents and she is their dependent. What is Jasmines gross tax liability?

  • a. $0

  • b. $105

  • c. $1,088

  • d. $1,193

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