Mary is 13 She receives annual interest payments of $4000 What is her taxable income in 2011? Her pa
Mary is 13 She receives annual interest payments of $4000 What is her taxable income in 2011? Her pa | savvyessaywriters.org
Mary is 13 She receives annual interest payments of $4000
What is her taxable income in 2011? Her parents claim her as a dependent What
is her parent’s 2011 taxable income?
John is 16 In 2011, he earned $6000 working a part-time job
and received $5000 of interest income His parents claim him as a dependent and
they do not have any qualified dividends or capital gains The parents’ taxable
income is $70,000 and they paid $9,750 on their taxable income (I realize you
do not have all of the facts You can make up a number for the parent’s tax on
the revised taxable income) What is John’s total tax?
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