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Tom is 17 years old and is subject to the kiddie tax. He is a dependent of his parents who are in the 32% marginal

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Tom is 17 years old and is subject to the "kiddie tax." He is a dependent of his parents who are in the 32% marginal tax bracket. Tom has $3,206 of income from a summer job, and $3,500 of interest income on corporate bonds. So he has $6.700 of gros income. Carefully work through the steps you need to take to calculate how much tax Tom will owe the government $315. 5601 $670 $1,008

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