Kelly is age 23 and a full-time student with interest and dividend income of $2,600 in the current year.The total cost of her support for the year is $19,000.She is not subject to the kiddie tax.

Question

Quizplus · Accepted Answer

Since Kelly is under 24 and a full-time student, she is subject to the kiddie tax on her unearned income. Therefore, the statement that she is not subject to the kiddie tax is false.

Kelly Is Age 23 and a Full-Time Student with Interest