Ella is 16 years old. She earned $3,000 during 2019 working at an ice cream...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Ella is 16 years old. She earned $3,000 during 2019 working at an ice cream store. She earned $4,000 in interest income this year. Ella is claimed as a qualifying dependent by her parents. How much of Ella's income will be taxed at the trust tax rates?
A. $1,000.
B. $1,800.
C. $2,000.
D. $4,000.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
