In 2016 carson will be claimed as a dependent on his


Question: In 2016, Carson will be claimed as a dependent on his parent's tax return. Carson is 23 years old at year-end. He is a full-time student and earned $12,500 from his summer internship and part-time job. He also received $6,300 of qualified dividend income. His parents' ordinary income marginal tax rate is 28 percent. Carson's parents provided most of his support. What is Carson's tax liability for the year ? Use Tax Rate Schedule for reference.

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Accounting Basics: In 2016 carson will be claimed as a dependent on his
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