Match the statements that relate to each other.Note: Choice k.may be used more than once.
-Kiddie tax may be imposed
A)Available to a 70-year-old father claimed as a dependent by his son.
B)Equal to tax liability divided by taxable income.
C)The highest income tax rate applicable to a taxpayer.
D)Not eligible for the standard deduction.
E)No one qualified taxpayer meets the support test.
F)Taxpayer's ex-husband does not qualify.
G)A dependent child (age 18) who has only unearned income.
H)Highest applicable rate is 37%.
I)Applicable rate could be as low as 0%.
J)Maximum rate is 28%.
K)No correct match provided.

Question

Quizplus · Accepted Answer

The "Kiddie Tax" applies to the unearned income of certain children, including those who are 18 years old with only unearned income, making option G the correct match.

Match the Statements That Relate to Each Other