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Please show steps Natalie is 8 years old and has been gifted shaces of stock in an airline. In 2022 , the airline issued a
Please show steps
Natalie is 8 years old and has been gifted shaces of stock in an airline. In 2022 , the airline issued a dividend. Natalie has no other sources of income and her parents file Married Filing Jaintly with their taxable incame presented belaw. Required: 1. Complete the Kiddie Tax computation 2. Complete the Incame Tax computation for Natalie. 3. Determine the total tax on the dividends (HINT: Reference the below data and abbreviated Tax Rates for Qua ffied Dividends chart in your formulas) Natalie is 8 years old and has been gifted shaces of stock in an airline. In 2022 , the airline issued a dividend. Natalie has no other sources of income and her parents file Married Filing Jaintly with their taxable incame presented belaw. Required: 1. Complete the Kiddie Tax computation 2. Complete the Incame Tax computation for Natalie. 3. Determine the total tax on the dividends (HINT: Reference the below data and abbreviated Tax Rates for Qua ffied Dividends chart in your formulas)Step by Step Solution
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