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Taylor, age 1 3 , is claimed as a dependent by her parents. For 2 0 2 4 , she has the following income: $
Taylor, age is claimed as a dependent by her parents. For she has the following income: $ wages from a summer job, $ interest from a money market account, and $ interest from City of Chicago bonds.
If required, round your answers to the nearest dollar. If an amount is zero, enter
aTaylors standard deduction for is
Taylor's taxable income for is
bCompute Taylor's "net unearned income" for the purpose of the kiddie tax.
Compute Taylor's tax liability. Her parents file a joint return and have taxable income of $no dividends or capital gains
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