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Karen (age 15) received $6,500 of interest income and $3,000 of compensation from working part-time. What amount of her income will be taxed at her
Karen (age 15) received $6,500 of interest income and $3,000 of compensation from working part-time. What amount of her income will be taxed at her parents marginal tax rate? a. $2,500
b. $3,000.
c. $4,000.
d. $6,500. ***Please explain in detail for your answer. Thank you!
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