Question
Will, age 16, has a dog-sitting service where he earned $6,000 this year. He also received $300 in interest. Will is a dependent on his
Will, age 16, has a dog-sitting service where he earned $6,000 this year. He also received $300 in interest. Will is a dependent on his parents' tax return; Will's parents are in the 32% marginal tax bracket. What is Will's tax liability?
A. $1,920
B. $525
C. $0
D. $1,312
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Rehabilitation Tax Credit IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304114686, 978-1304114686
