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?

Question

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?

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The Answer of 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?

During 2017,Jasmine (Age 12)received $2,400 from a Corporate Bond