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In 2022, Jack, age 12, has interest income of $4,900 from funds he inherited from his aunt and no earned income. He has no investment expenses. Christian and Danielle (his parents) have taxable income of $82,250 and file a joint return. Assume that no parental election is made. Click here to access the 2022 tax rate schedule. If required, round the tax liability to the nearest dollar. Feedback V Check My Work To reduce the tax savings that result from shifting income from parents to children, the net unearned income (commonly called investm income) of certain children is taxed using special rules. This provision, commonly referred to as the kiddie tax, applies to any child who age 19 (or under age 24 if a full-time student)