Problem 9-26 (LO. 1, 6) Terri, age 16, is a dependent of her parents in 2023. During the ar, Terri earned $5,200 in interest income and $3,000 from ort-time jobs. Click here to access ess the 2023 tax rate schedule. a. What is Terri's taxable income? $ 3,400 b. How much of Terri's income is taxed at her parents' rate? $ At her rate? c. Can the parental election be made? Why or why not? The parental election can be made because Terri's income is not solely from interest and dividends. ?

Problem 9-26 (LO. 1, 6) Terri, age 16 , is a dependent of her parents in 2023. During the Terri earned $5,200 in interest income and $3,000 from -time jobs. click here to access the 2023 tax rate schedule. a. What is Terri's taxable income? b. How much of Terri's income is taxed at her parents' rate? At her rate? c. Can the parental election be made? Why or why not? The parental election be made because Terri's income solely from interest and dividends