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In 2 0 2 3 , Sheryl is claimed as a dependent on her parents' tax return. Her parents report taxable income of $ 6

In 2023, Sheryl is claimed as a dependent on her parents' tax return. Her parents report taxable income of $600,000(married filing jointly). Sheryl did not provide more than half her own support. She received $9,200 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 16 years old at year-end.

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