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Taylor, age 14, is claimed as a dependent by her parents. For 2020, she has the following income: $5,200 wages from a summer jo $1,690

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Taylor, age 14, is claimed as a dependent by her parents. For 2020, she has the following income: $5,200 wages from a summer jo $1,690 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 an amount is zero, enter "O". Click here to access the 2020 tax rate schedule. a. Taylor's standard deduction for 2020 is $ Taylor's taxable income for 2020 is $ b. Compute Taylor's "net uneared income for the purpose of the kiddie tax, Compute Taylor's tax liability. (Her parents file a joint return and have taxable income of $135,000 (no dividends or capital gains).]

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