Brian and Kim have a 12-year-old child, Stan. For 2019, Brian and Kim have taxable income of $52,000, and Stan has interest income of $45,00. No election is made to include Stan's income on Brian and Kim's return. a. For purposes of the tax on a child's unearned income, calcuate Stan's taxable income. b. Calculate Stan's net unearned income. c. Calculate Stan's earned taxable income. d. calculate Stan's tax for 2019.

Brian and Kim have a 12-year-old child, Stan. For 2019, Brian and Kim have taxable income of $52,000, and Stan has interest income of $45,00. No election is made to include Stan's income on Brian and Kim's return. a. For purposes of the tax on a child's unearned income, calcuate Stan's taxable income. b. Calculate Stan's net unearned income. c. Calculate Stan's earned taxable income. d. calculate Stan's tax for 2019.

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter9: Individuals As Taxpayers

Section: Chapter Questions

Problem 29P

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