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For 2020 if a 7 year old child has $8,000 of interest income and no other income and is a dependent of mom and dad,

For 2020 if a 7 year old child has $8,000 of interest income and no other income and is a dependent of mom and dad, the child's tax rate will be calculated under a concept known as the

Child tax

The Dependant tax

the Kiddie tax

The Exemption tax

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