Unearned Income of Minor Children and Certain Students (LO 6.10)Brian and Kim have a 12-year-old child, Stan. For 2016, 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.

Click here to access the tax tables.

a.For purposes of the tax on a child's unearned income, calculate Stan's net unearned income.

$

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b.Calculate the amount of Stan's tax at his parents' rate.

$

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Incorrect

c.Calculate Stan's total tax for 2016.

Note: Assume a 10% rate on regular taxable income.

$

Page 1 of 2 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. Problem 6-32 Unearned Income of Minor Children and Certain Students (LO 6.10) Brian and Kim have a 12-year-old child, Stan. For 2016, 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. Click here to access the tax tables. a. For purposes of the tax on a child's unearned income, calculate Stan's net unearned income. $ b. Calculate the amount of Stan's tax at his parents' rate. $ Feedback Check My Work Incorrect c. Calculate Stan's total tax for 2016. http://cxp.cengage.com/activityservice/run/html5/handler.jsp?id=871cb67f3cc8119_6el5m... 4/12/2017 Page 2 of 2 Note: Assume a 10% rate on regular taxable income. $ Feedback Check My Work Incorrect 25. 26. http://cxp.cengage.com/activityservice/run/html5/handler.jsp?id=871cb67f3cc8119_6el5m... 4/12/2017