Exercise 3-24 (10. 7) In 2023, Jack, age 12, has interest income of $4,900 on...
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Exercise 3-24 (10. 7) In 2023, Jack, age 12, has interest income of $4,900 on funds he inhented from his aunt and no earned income. He has no investment expenses. Christian and Danielle (his parents) have taxable income of $88,150 and file a joint return. Assume that no parental election is made. Click here to access the 2023 tax rate schedule. If required, round the tax liability to the nearest dollar
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