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eBoak Print ltem Exerclse 3 - 2 4 ( Algortthmic ) ( LO . 7 ) In 2 0 2 3 , Jack, age 1

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Exerclse 3-24(Algortthmic)(LO.7)
In 2023, Jack, age 12, has interest income of $8,940 on funds he inherited from his aunt and no earned income. He has no investment expenses. Christian and Danielle (his parents) have taxable income of $88,150 and file a joint return. Assume that no parental election is made.
Cllck here to access the 2023 tax rate schedule. If required, round the tax computatlons to the nearest dollar.
\table[[Jack's net unearned income is,$,.],[Jack's allocable parental tax is,$,x.],[Jack's total tax is,$,x.]]
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