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I cannot seem to get D. Problem 6-8 Unearned Income of Minor Children and Certain Students (LO 6.4) Brian and Kim have a 12-year-old child,
I cannot seem to get D.
Problem 6-8 Unearned Income of Minor Children and Certain Students (LO 6.4) Brian and Kim have a 12-year-old child, Stan. For 2022, Brian and Kim have taxable income of $52,000, and Stan has interest income of $4,500. No election is made to include Stan's income on Brian and Kim's return. Click here to access the income tax rate schedules. a. For purposes of the tax on a child's unearned income, calculate Stan's taxable income. $ b. Calculate Stan's net unearned income. \$ c. Calculate Stan's tax for 2022 . q d. If there was no kiddie tax and Stan were taxed at his own rate, what would the tax on Stan's income be? q Problem 6-8 Unearned Income of Minor Children and Certain Students (LO 6.4) Brian and Kim have a 12-year-old child, Stan. For 2022, Brian and Kim have taxable income of $52,000, and Stan has interest income of $4,500. No election is made to include Stan's income on Brian and Kim's return. Click here to access the income tax rate schedules. a. For purposes of the tax on a child's unearned income, calculate Stan's taxable income. $ b. Calculate Stan's net unearned income. \$ c. Calculate Stan's tax for 2022 . q d. If there was no kiddie tax and Stan were taxed at his own rate, what would the tax on Stan's income beStep by Step Solution
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