Problem 3-47 (20,1,3,7) Terri, age 16, is a dependent of her parents. During 2022, Tem eamed $5,000 in interest income and $3,000 from part-time jobs. Click here to access the 2022 tax rate schedule. a. What is Terris taxable income? b. How much of Terris income is taxed at her parent's rate? At her rate? c. Can the parental election be made? Why or why not? The parental election be made because Terris income solely from interest and dividends. 2022 Child and Dependent Care Credit Rates