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How much of her ti is net unearned income

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Question - Lisa is 17 years old and is a dependent of her parents. She has income from a summer job of $5,000 and she has $6,500 of interest income on corporate bonds. So her gross income is $11,500.

(a) What is her taxable income (TI)?

(b) How much of her TI is Net Unearned Income (NUI), subject to taxation under the kiddie tax rules?

Reference no: EM132594414

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