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Jesus, age 14, is a dependent of his parents. During 2020, Jesus earned income from wages is $4,000 and Jesus received $3,000 of interest income.
Jesus, age 14, is a dependent of his parents. During 2020, Jesus earned income from wages is $4,000 and Jesus received $3,000 of interest income. The parent's marginal rate is 24% and Jesus marginal rate is 10%. Jesus tax is (kiddie tax rules for 2020)
A) $285.
B) $377.
C) $563.
D) None of the above.
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Preliminary Audit Results Montanas State Employee Compensation 1990
Authors: Waters Consulting Group, Montana. State Employee Compensation Committee
1st Edition
