Exercise 3 21 (Algorithmic) (LO 7) Simon, age 12, generates $6,320 interest income and no earned income for 2018 He incurs no investment expenses Click here to access the 2018 tax rate schedule and 2018 Estate and Trust Tax Rate Schedule If required, round the tax liability the nearest dollar a Simon's net unearned income $ b Simon's total Federal income tax liability $

Question

Exercise 3 21 (Algorithmic) (LO  7) Simon, age 12, generates $6,320 interest income and no earned income for 2018  He incurs no investment expenses  Click here to access the 2018 tax rate schedule and 2018 Estate and Trust Tax Rate Schedule  If required, round the tax liability the nearest dollar  a  Simon's net unearned income  $ b  Simon's total Federal income tax liability  $

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Question

Exercise 3-21 (Algorithmic) (LO. 7) Simon, age 12, generates $6,320 interest income and no earned income for 2018. He incurs no investment expenses. Click here

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