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taylor, age 18, is claimed as a dependent by her parents. For 2012, she records the following income: $4,000 wages from a summer job, $1,800 interest from a money market account, and $2,000 interest from City of Boston bonds. If an amount is zero, enter “0”.
Taylor’s standard deduction is $.
Taylor’s personal exemption is $.
Taylor’s taxable income is $.
Compute Taylor’s “net unearned income” for the purpose of the kiddie tax. $
Assume that Taylor’s Federal income tax rate is 10% and her parents’ tax rate is 28%. If Taylor’s parents file a joint return and report taxable income of $130,000, then Taylor’s tax is $.

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