Taylor, age 18, is claimed as a dependent by her parents. For 2022, she has the following income: $6,250 wages from a summer job, $800 interest from a money market account, and $300 interest from City of Chicago bonds.

a. What is Taylor’s taxable income for 2022?

b. What is Taylor’s tax for 2022? [Her parents file a joint return and have taxable income of $135,000 (no dividends or capital gains).]