In 2014, Carson is claimed as a dependent on his parent's tax
return. His parents' ordinary income marginal tax rate is 28
percent. Carson's parents provided most of his support. Use Tax
Rate Schedule for reference.
What is Carson's tax liability for the year in each of the
following alternative circumstances?
Carson is 17 years old at year-end and earned $10,800 from his
summer job and part-time job after school. This was his only source
Carson is 23 years old at year-end. He is a full-time student
and earned $10,800 from his summer internship and part-time job. He
also received $3,900 of qualified dividend income.
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