Warren age 7, is claimed as a dependent by his father, As a result of Warrens shrewd investing during 2015, he received dividend income of $2500 adn earns $6500 from a part time lemonade stand. Warren did not incure any cost with his production of income. For 2015, his father is in the 25% tax bracket adn Warren is in the 10% tax bracket. Warren's father told him when he started investing that he would not make the parental election with respect to any income Warren received.
a. What is Warren's taxable income for 2015.
b. What is Warren's total liability for 2015.