Glenda,age 8,has $4,150 interest from a trust fund established by her grandfather several years ago.If her parents are in the 35 percent marginal tax bracket,how much of Glenda's income is taxed at the 35 percent rate?

Name: Glenda,age 8,has $4,150 interest from a trust fund established by her grandfather several years ago.If her parents are in the 35 percent marginal tax bracket,how much of Glenda's income is taxed at the 35 percent rate?
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Quizplus · Accepted Answer

$4,150 - $2,100 = $2,050

Glenda,age 8,has $4,150 Interest from a Trust Fund Established by Her