LO.2, 3 Taylor, age 18, is a dependent of her parents. For 2018, she has the follow- ing income: $4,000 of wages from a summer
LO.2, 3 Taylor, age 18, is a dependent of her parents. For 2018, she has the follow- ing income: $4,000 of wages from a summer job, $1,800 of interest from a money market account, and $2,000 of interest from City of Boston bonds.
a. What is Taylor's taxable income for 2018?
b. What is Taylor's tax for 2018?
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Authors: William A Raabe, James C Young
1st Edition
0357233298, 9780357233290
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