Problem 3-47 (LO. 1, 3, 7) Terri, age 16, is a dependent of her parents. During 2021, Terri earned $5,000 in interest income and $3,000 from part-time jobs. Click here to access the 2021 tax rate schedule. a. What is Terri's taxable income? 3,550 Feedback Check My Work To reduce the tax savings that result from shifting income from parents to children, the net unearned income of certain children is taxed as if it were the parents' income. This provision, commonly referred to as the "kiddie tax," applies to any child who is under age 19 (or under age 24 if a full-time student) and has unearned income of more than $2,200 b. How much of Terri's income is taxed at her parent's rate? 3,000 At her rate? 1,650 Feedback Check My Work Incorrect Check My Work ( Previous Previous