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In 2017, Simon, age 12, has interest income of $800 and dividend income of $4,000. He has no investment expenses. His parents have taxable income

In 2017, Simon, age 12, has interest income of $800 and dividend income of $4,000. He has no investment expenses. His parents have taxable income of $80,200 and file a joint tax return. Assume that no parental election is made.

Click here to access the 2017 tax rate schedule. If required, round the tax liability the nearest dollar.

Net unearned income is $.
Allocable parental tax is $.
Simon's total tax is $.

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