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Simon, age 12, generates $800 interest income and $4,000 dividend income for 2016. He incurs no investment expenses. His parents report $80,200 taxableincome and file
Simon, age 12, generates $800 interest income and $4,000 dividend income for 2016. He incurs no investment expenses. His parents report $80,200 taxableincome and file a joint tax return.
Net unearned income is | $. | |
b. | Allocable parental tax is | $. |
c. | Simon's total Federal income tax is |
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