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In 2022, Jack, age 12, has interest income of $5,220 on funds he inherited from his aunt and no earned income. He has no investment
In 2022, Jack, age 12, has interest income of $5,220 on funds he inherited from his aunt and no earned income. He has no investment expenses. Christian and Danielle (his parents) have taxable income of $82,250 and file a joint return. Assume that no parental election is made.
Jack's net unearned income is$fill in the blank 1.Jack's allocable parental tax is$fill in the blank 2.Jack's total tax is$fill in the blank 3
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