During 2020, Jasmine (age 12) received $7,350 from a corporate bond. She also received $770 from a savings account established for her by her parents. Jasmine lives with her parents and she is claimed as a dependent in their tax return.. What is Jasmine's gross tax liability? ( Use Tax Rate Schedule, Standard deduction, Estates and Trusts.)
A) $0
B) $110
C) $1,057
D) $1,167
Correct Answer:
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