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Kiddie Tax. Debbie is 23 years old, a full-time student and a dependent of her parents. She earns $4,200 working part-time and receives $2,200 interest
Kiddie Tax. Debbie is 23 years old, a full-time student and a dependent of her parents. She earns $4,200 working part-time and receives $2,200 interest on savings. She saves both the salary and interest. a. What is Debbies taxable income and tax? b. How would your answer for part a change if Debbie were 16 years old?
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