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Bobbie, Age 10, Has $6,000 in Interest from a Trust

Question 52

Essay

Bobbie, age 10, has $6,000 in interest from a trust established by her grandmother. Bobbie has no itemized deductions and no other income. What is the total tax on this income?

Correct Answer:

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$6,000 - $1,050 standard deduction = $4,...

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