During 2016, 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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Jasmine's taxable income is $1,950 ($3,000 minus $1,050 standard deduction). Her net unearned income is $900 ($3,000 gross unearned income minus $2,100). This is taxed at 28% ($252 tax). The remaining $1,050 of her taxable income ($1,950 minus 900 taxed at parents' rate) is taxed at 10% ($100 tax). Total tax is $357 ($252 + 105).

During 2016, Jasmine (Age 12) Received $2,400 from a Corporate