Your parents could purchase stock certificates, bonds, certificates of deposit, or other investments in Eric's name with your parents as custodians. The first _____ of any income is not subject to tax, as Eric is allowed a ________ standard deduction. The next $1,100 of any income is subject to Eric's marginal tax rate (likely 10%) . Income above $2,200 is taxed at your income tax rates . This option provides maximum flexibility while removing the income from your parents' high marginal tax bracket.

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