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Problem 3-46 (LO. 1, 3, 7) Paige, age 17 , is a dependent of her parents. Her parents report taxable income of $120,000 on their
Problem 3-46 (LO. 1, 3, 7) Paige, age 17 , is a dependent of her parents. Her parents report taxable income of $120,000 on their joint return (no qualified dividends or capital gains). During 2023, Paige earned $3,900 pet sitting and $4,500 in interest on a savings account. Click here to access the 2023 tax rate schedule. What are Paige's taxable income and tax liability for 2023 ? a. Paige's total taxable income is \$ b. Paige's tax liability is \$ X
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