Question
In 2021, Simon, age 12, has interest income of $900 and dividend income of $4,000. He has no investment expenses. Determine Simon's net unearned income
In 2021, Simon, age 12, has interest income of $900 and dividend income of $4,000. He has no investment expenses. Determine Simon's net unearned income and total tax liability.
Click here to access the 2021 tax rate schedule. If required, round the tax liability the nearest dollar.
| Net unearned income is | |
| Simon's total tax is |
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Corporate Financial Reporting And Analysis
Authors: David Young, Jacob Cohen
3rd Edition
1118470559, 9781118470558
