These problems deal with Kiddie Tax, Standard Deduction, Taxable Earned Income and Unearned Income. Tax Year 2017

Child Under 19 or Full Time Student <24

25% Percent Bracket For Parents

1.Child Kevin

Interest Income $1,200

Parents Income $90,000

2.Child Stacy

Interest Income $4,700

Parents Income (Joint) $90,000

3.Child Derek

W-2 WAGES $1,500

Interest Income $3,000

Parents Make $90,000

4.Child Sally

W-2 WAGES $6,000

Interest Income $3,600

Parents Make $ 90,000