In 2022, Jack, age 12, has interest income of $7,860 on funds he inherited from...
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Accounting
In Jack, age has interest income of $ on funds he inherited from his aunt and no earned income. He has no investment expenses. Christian and Danielle his parents have taxable income of $ and file a joint return. Assume that no parental election is made.
Click here to access the tax rate schedule. If required, round the tax computations to the nearest dollar.
Jack's net unearned income is
Jack's allocable parental tax is fill in the
Jack's total tax is
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