Question
Taylor, age 16, is claimed as a dependent by her parents. For 2023, she has the following income: $3,400 wages from a summer job, $1,885
Taylor, age 16, is claimed as a dependent by her parents. For 2023, she has the following income: $3,400 wages from a summer job, $1,885 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 Taylor's taxable income for 2023 is $fill in the blank Question Content Area b. Compute Taylor's "net unearned income" for the purpose of the kiddie tax. $fill in the blank 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
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