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Calculate Stan taxable income

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Reference no: EM132630318

Problem - Brian and Kim have a 12-year-old child, Stan. For 2019, Brian and Kim have taxable income of $52,000, and Stan has interest income of $4,500. No election is made to include Stan's income on Brian and Kim's return.

a. For purposes of the tax on a child's unearned income, calculate Stan's taxable income.

b. Calculate Stan's net unearned income.

c. Calculate Stan's earned taxable income.

d. Calculate Stan's tax for 2019.

Reference no: EM132630318

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