Unearned Income of Minor Children and Certain Students (LO 6.10)
Brian and Kim have a 12-year-old child, Stan. For 2015, Brian and Kim have taxable income of $52,000, and Stan has nonqualifying dividend income of $4,500 and investment expenses of $250. No election is made to include Stan's income on Brian and Kim's return.
a. For purposes of the tax on a childs unearned income, calculate Stan's net unearned income. $
b. Calculate the amount of Stans tax at his parents rate. $
c. Calculate Stan's total tax for 2015.
Note: Assume a 10% rate on regular taxable income.
$
2015 Tax Table - Continued And you are is Single Married Mamed Head of Al Single Married Married Head of At Married married Head of house rately hold rately Your taxis Your tax is Your tax is 48,000 51,000 54,000 4,000 48,050 48,050 48,100 w,100 48,150 1,181 2,813 51000 $1,050 54,00054,050 S1,09051,100 S4050 54,100 DJ13 S1,1005110 BS75 2575 SA,10054,150 1,150 51200 6, 75A3589 7,116 54, 1505400 S1200 S1250 SH4,200 54,250 7.96 9,225 4,200 48,250 8,250 48,300 46,300 48350 48, 48,400 48,450 4,460 48,500 630 se 129 375 1913 3,400 1913 2,400 2,413 51,250 8,613 EED 3613 716 S425 54,300 S1300S1,350 S1350 51,400 863e6 Tease S4.350 54,000 S1400 S10 S4A0054,450 S1,450 51,800 54450 54,500 S1,500 S1SS0 72sell 4,500 54,550 S1,50S1,500 51800 $1850 54,600 54,650 S1,650 713 54,650 54,700 S1,700S1,750 S4,7054,750 4,500 8,550 4,550 48,000 8,600 48,656 ,700 43,700 48,750 2,225 9,42s 9.438 7,950 9,450 664 1976 2,463 47s ba,750 48,800 4000 48,850 48850 48,900 2013 48,000 43960 4900 8013 646 S1,75051,800 SI000 S130 $1,850 51.00 S1,900 1,950 S1,950 2000 54,75054900 940s SHA000 6,50 S4.850 54,900 9513 D525 S950 65.000 9.338 9,513 49,000 52,000 55,000 43000 49,050 49,050 49,100 49,100 49,150 48,150 49,200 49,200 49,250 813 2.000 2050 52.05052,100 6,719 S2,10082, 180 719 2, 19082200 52,200 52250 55,000 55,033 55,050 55,100 8,100 55,156 55,200 55,200 55,250 388 8,129 9,250 ,300 49,300 9,350 49,360 49,400 69400 9,50 49,450 49,500 6,910 3 128 613 8,125 S2,250 200 S2300 52350 52,350 52400 $2,400 52.50 52450 $2,500 2,875 B75 6.749 9.825 691 649 S8,25065, 00 55,300 55,350 55,350 55, 600 S500 55,450 55,450 55,500 8,166 6,33 3913 49,500 49,990 35500 55,580 49,550 49,550 651 52600 55,566 55,500 744 826 69,600 9,690 82.00052890 7. 49,650 49,700 52650 2,700 196369963 55,650 55700 713 9,713 9,700 19,750 3225 8 5882258 or 52,700 52,750 39756 3975 55,700 55,750 .727369725825A 49,780 9,800236.238809 $2,750 8200 49,800 29,850 6516 52800 52,850 49,860 49,900 52.00 2013 49,900 40,950 827668.275 BST 52,900 250 4S,9500000 82 6574828e69 $2950 53,000 7.24 7516 56,750 65,500 55800 55,850 3750 751 9750 2013 S5,860 55,000 SS,900 55,950 775 786 9,776 S5,950 56,000 8316 50,000 53,000 56,000 50,000 50,050 B300 65518300 & S3 53,000 50,0500 S300 S3,100 S3,150 SG,150 50,230 53,150 $3,200 So,200 50,250 S3200 S320 7431 56,000 56,050 S60056,100 D813 S6, 100 S6,190 9,825 6,150 56,200 S6,200 ,250 813 9.075 616 751 50,250 50,300 333 6519 8363 61 $3.25053 ,300 59300 50350 S3,300 53,500 SO950 50,430 384838 6.915 SLA350 3,400 50,400 50,450 3,400 53,400 53,450 So,600500 413 S3,430 S300 56,250 56300 9,853 56300 S6, 250 6,350 56,400 56,400 56,450 9900 SA8066.00 7519 701 2013 50,500 50,550 So,560 50,600 50,600 50,650 34256 BSS &436 &25 6,954 53,500 53550 9, 175 7,106 3.175 9.925 995 S6,500 56,550 7,716 6,550 56,500 56600 56,650 S666 56,700 77A 700 66,750 53.600 53650 53.60 63,700 9213 S3,700 5370 a 960 9213 50,700 50,786 FITS 975 s0,750 s0,800 S0,000 50,850 S0.850 50,900 50,900 50,950 0,960 3,750 S3,800 S3,000 S300 9250 926 53,900 53,950 $300 6,716 S6,750 56,200 S8800 56,850 56,886 $6,000 10013 56900 56,953 10,025 67,000 100 2,013 722
