Jasmine lives with her parents and she is their dependent


During 2016, Jasmine (age 12) received $2,400 from a corporate bond. She also received $600 from a savings account established for her by her parents. Jasmine lives with her parents and she is their dependent. Assuming her parents' marginal tax rate is 28%, what is Jasmine's gross tax liability?

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Accounting Basics: Jasmine lives with her parents and she is their dependent
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