Unearned Income of Minor Children and Certain Students Brian and Kim have a 12-year-old child, Stan. For 2020, Brian and Kim have taxable income of $52,000, and Stan has interest income of $4,500. Click here to access the in

Unearned Income of Minor Children and Certain Students Brian and Kim have a 12-year-old child, Stan. For 2020, Brian and Kim have taxable income of $52,000, and Stan has interest income of $4,500. Click here to access the in

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter12: Tax Administration And Tax Planning

Section: Chapter Questions

Problem 22MCQ: Melodie's taxable income is $39,000 and she pays income tax of $4,489. If Melodie's taxable income...

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Question

Unearned Income of Minor Children and Certain Students

Brian and Kim have a 12-year-old child, Stan. For 2020, Brian and Kim have taxable income of $52,000, and Stan has interest income of $4,500.

Click here to access the income tax rate schedules.

If there was no kiddie tax and Stan is taxed at his own rate, what would the tax on his income be?
$fill in the blank

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