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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 Sheryl is claimed as a dependent on her parents' tax return. Her parents report taxable income of $married filing jointly Sheryl did not provide more than half her own support.
What is Sheryl's tax liability for the year in each of the following alternative circumstances?
She received $ of interest income from corporate bonds she received several years ago. This is her only source of income. She is years old at yearend and is a fulltime student.
What's her Tax liability?
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