During 2023, Jasmine (age 12) received $6,500 from a corporate bond. She also received $600 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.) Note: Round your intermediate and final answer to the nearest whole dollar amount.

Multiple Choice

$0

$125

$1,104

$1,229