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Taylor, age 14, is claimed as a dependent by her parents. For 2023, she has the following income: $3,800 wages from a summer job, $1,755
Taylor, age 14, is claimed as a dependent by her parents. For 2023, she has the following income: $3,800 wages from a summer job, $1,755 interest from a money market account, and $2,100 interest from City of Chicago bonds. a. Taylor's standard deduction for 2023 is $ . Taylor's taxable income for 2023 is $ . Question Content Area b. Compute 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 $135,000 (no dividends or capital gains).] $
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