During 2017, Jasmine (age 12) received $2,400 from a corporate bond. She also received$600 from a savings account established for her by her parents. Jasmine lives with her parents and she is their dependent. Assuming her parents' marginal tax rate is 28%, what is Jasmine's gross tax liability?
A) $357
B) $0
C) $252
D) $105
Correct Answer:
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