Alli is 23 years old,a full time student,and a dependent of her parents.She earns $2,000 from her job as a waitress and receives $3,000 of interest on a savings account established by her grandparents.
a.What is Alli's taxable income?
b.What is Alli's tax liability on the taxable income (assume that her parent's taxable income is $200,000)?

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The Answer of Alli is 23 years old,a full time student,and a dependent of her parents.She earns $2,000 from her job as a waitress and receives $3,000 of interest on a savings account established by her grandparents.
a.What is Alli's taxable income?
b.What is Alli's tax liability on the taxable income (assume that her parent's taxable income is $200,000)?

Alli Is 23 Years Old,a Full Time Student,and a Dependent