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Taylor, age 16, is claimed as a dependent by her parents. For 2016, she records the following income: $4,000 wages from a summer job, $1,820
Taylor, age 16, is claimed as a dependent by her parents. For 2016, she records the following income: $4,000 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 "0".
Assume that Taylor's tax rate is 10% and her parents' tax rate is 28%. If Taylor's parents file a joint return and report taxable income of $130,000, then Taylor's tax is?
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