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please help. use 2023 tax rates and dividend and captial gains tax rates In 2023, Carson is claimed as a dependent on his parents' tax
please help. use 2023 tax rates and dividend and captial gains tax rates
In 2023, Carson is claimed as a dependent on his parents' tax return. His parents report taxable income of $200,000 (married filing jointly). Carson's parents provided most of his support. What is Carson's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Carson is 17 years old at year-end and earned $16,500 from his summer job and part-time job after school. This was his only ource of income.V b. Carson is 23 years old at year-end. He is a ful-time student and earned $16,500 from his summer internship and part-time job, He also received $5,300 of qualified dividend income Step by Step Solution
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