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In 2022, Jack, age 12, has interest income of $8,940 on funds he inherited from his aunt and no earned income. He has no investment
In 2022, Jack, age 12, has interest income of $8,940 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. If required, round the tax computations to the nearest dollar. Jack's net unearned income is $. Jack's allocable parental tax is $ . Jack's total tax is $
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