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Taylor, age 16, is claimed as a dependent by her parents. For 2019, she has the following income: $5,200 wages from a summer job, $1,820
Taylor, age 16, is claimed as a dependent by her parents. For 2019, she has the following income: $5,200 wages from a summer job, $1,820 interest from a money market account, and $2,100 interest from City of Boston bonds. If required, round your answers to the nearest dollar. If an amount is zero, enter "O" a. Taylor's standard deduction for 2019 is $ 5,550 Taylor's taxable income for 2019 is $ 1,470 b. Compute Taylor's "net unearned income" for the purpose of the kiddie tax. Click here to access the 2019 tax rate schedule. Compute Taylor's tax liability
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