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Simon, age 12, generates $4,900 interest income and no earned income for 2019. He incurs no investment expenses. Net unearned income is: I was able
Simon, age 12, generates $4,900 interest income and no earned income for 2019. He incurs no investment expenses.
Net unearned income is: I was able to get this one correct. I am unable to figure out the total tax.
Simon's Total Tax is: ???
Exercise 3-21 (LO. 7) Simon, age 12, generates $4,900 interest income and no earned income for 2019. He incurs no investment expenses. Click here to access the 2019 tax rate schedule and 2019 Estate and Trust Tax Rate Schedule. If required, round the tax liability to the nearest dollar. Net unearned income is $ 2,700 . Simon's total tax is $ 220 x
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