Tom, age 13, is claimed as a dependent by his parents. Tom has unearned income of $3,400 and $300 of income from mowing lawns in the neighborhood. If the first $2,600 of Tom's net unearned income is taxed at 10%, what is Tom's 2019 income tax liability?

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Tom's total income is $3,700 ($3,400 unearned + $300 earned). The first $1,100 of unearned income is not taxed due to the standard deduction for dependents. The next $2,600 of unearned income is taxed at 10%, leading to a tax liability of $260. The earned income of $300 does not affect this calculation as it is below the standard deduction threshold for earned income.

Tom, Age 13, Is Claimed as a Dependent by His