Determine the simons net unearned income

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Simon, age 12, generates $800 interest income and $4,000 dividend income for 2015. He incurs no investment expenses. His parents report $80,200 taxable income and file a joint tax return.

Determine the following.

a. Simon's net unearned income.

b. Simon's allocable parental tax.

c. Simon's total Federal income tax liability.

Reference no: EM131207934

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