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In 2023 , Jack, age 12 , has interest income of $6,540 on funds he inherited from his aunt and no earned income. He has
In 2023 , Jack, age 12 , has interest income of $6,540 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 $88,150 and file a joint return. Assume that no parental election is made. Click here to access the 2023 tax rate schedule. If required, round the tax computations to the nearest dollar
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