Michael Daly (17-year-old) has $5,000 of interest income from his investment account and $10,000 of W-2 income as a cashier. How does the Kiddie Tax apply to Michael and his parents? How much would he have to pay for taxes in total? Assume his tax bracket is 10% and his parents' are 28%. How much Michael have to pay if he were 25 in this example? Use the 2023 rule.