Paige, age 17, is a dependent of her parents. Her parents report taxable income of...
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Accounting
Paige, age 17, is a dependent of her parents. Her parents report taxable income of $120,000 on their joint return (no qualified dividends or capital gains). During 2022, Paige earned $3,900 pet sitting and $4,300 in interest on a savings account.
Click here to access the 2022 tax rate schedule.
What are Paige's taxable income and tax liability for 2022?
a. Paige's total taxable income is
b. Paige's tax liability is
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