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During 2022, Jasmine (age 12) received $6,800 from a corporate bond. She also received $660 from a savings account established for her by her parents.
During 2022, Jasmine (age 12) received $6,800 from a corporate bond. She also received $660 from a savings account established for her by her parents. Jasmine lives with her parents and she is claimed as a dependent in their tax return. Assuming her parents' marginal tax rate is 24%, what is Jasmine's gross tax liability? (Use Tax Rate Schedule, Standard deduction.) Multiple Choice $1,238 $0 $1,353 $115
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