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Taylor, age 1 8 , is claimed as a dependent by her parents. For 2 0 2 3 , she has the following income: $

Taylor, age 18, is claimed as a dependent by her parents. For 2023, she has the following income: $3,400 wages from a summer job, $1,560 interest from a money market account, and $2,100 interest from City of Chicago bonds.
If required, round your answers to the nearest dollar. If required, round your answers to the nearest dollar. If an amount is zero, enter "0".
Click here to access the 2023 tax rate schedule.
a. Taylor's standard deduction for 2023 is $fill in the blank 87e64906907dfac_1.
Taylor's taxable income for 2023 is $fill in the blank 87e64906907dfac_2.
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To reduce the tax savings that result from shifting income from parents to children, the net unearned income (commonly called investment income) of certain children is taxed using special rules. This provision, commonly referred to as the kiddie tax, applies to any child who is under age 19(or under age 24 if a full-time student) and has unearned income of more than $2,500.
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b. Compute Taylor's "net unearned income" for the purpose of the kiddie tax.
$fill in the blank 136842f89fe9faf_1
Compute Taylor's tax liability. [Her parents file a joint return and have taxable income of $135,000(no dividends or capital gains).]
$fill in the blank 136842f89fe9faf_2
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