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  3. during 2021, jasmine (age 12) received $6,500 inte

during 2021, jasmine (age 12) received $6,500 interest income from a corporation bond. She also...

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Accounting

during 2021, jasmine (age 12) received $6,500 interest income from a corporation bond. She also received $600 interest income from a savings account established for her by her parents. Jasmine lives with her parents and she is claimed as a dependent in their tax return. Assuming her parents's marginal tax rate is 24%. What is Jasmine's gross tax liability?

$0

$110

$1176

$1286

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