What is taylors tax for 2012 her parents file a joint

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Reference no: EM13574923

Taylor, age 18, is claimed as a dependent by her parents. For 2012, she records the following income:

$4,000 wages from a summer job,

$1,800 interest from a money market account,

and $2,000 interest from City of Boston bonds.

Please answer the following:

A. What is Taylors taxable income for 2012?

B. What is Taylors tax for 2012? (Her parents file a joint return and have taxable income of $130,000 [no dividends or capital gains].)

Reference no: EM13574923

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