Ella is claimed as a dependent by her parents how much of


Question - Ella is 16 years old. She earned $3,000 during 2014 working at an ice cream store. She also was paid $4,000 in interest income this year. Ella is claimed as a dependent by her parents. How much of Ella's income will be taxed at her parent's highest marginal tax rate?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Ella is claimed as a dependent by her parents how much of
Reference No:- TGS02882612

Now Priced at $25 (50% Discount)

Recommended (90%)

Rated (4.3/5)