Bobbie, Age 10, Has $6,000 in Interest from a Trust

question 54

Essay

Bobbie, age 10, has $6,000 in interest from a trust established by her grandmother. Bobbie has no itemized deductions, no other income, and her parents are in the 33 percent marginal tax bracket. What is the total tax on this income?

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Definitions:

Herzberg's Two-factor Theory

A motivational theory that suggests employee satisfaction and dissatisfaction are influenced by two independent factors: hygiene factors and motivators.