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In 2023, Sheryl is claimed as a dependent on her parents' tax return. Her parents...

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Accounting

In 2023, Sheryl is claimed as a dependent on her parents' tax return. Her parents report taxable income of $600,000(married filing jointly). Sheryl did not provide more than half her own support.
What is Sheryl's tax liability for the year in each of the following alternative circumstances?
She received $7,000 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 20years old at year-end and is a full-time student.
What's her Tax liability?
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