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Sven s points John is 17 years old, single, and claimed as a dependent on his parents tax return. This year, John received $6,000 of

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Sven s points John is 17 years old, single, and claimed as a dependent on his parents tax return. This year, John received $6,000 of interest from corporate bonds that his parents gave him several years ago. He also earned $550 from a part-time job as a tutor at his school Assuming John has a marginal tax rate of 10% and his parents have a marginal tax rate of 35%, what is John's total income tax liability for the current year? Recall that the "riddie tax" is applied to the portion of a qualifying dependent's unearned income that exceeds $2,200. $1.000 50

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