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Compute jack net unearned income is

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In 2021, Jack, age 12, has interest income of $8,820 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 $82,250 and file a joint return. Assume that no parental election is made.

Compute:

Question 1: Jack's net unearned income is

Question 2: Jack's allocable parental tax is

Question 3: Jack's total tax is

Reference no: EM132983673

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