Gina Lewis,age 12,is Claimed as a Dependent on Her Parent's

question 14

Essay

Gina Lewis,age 12,is claimed as a dependent on her parent's return.She is their only child.She earned $2,300 from a summer job.She also earned interest of $2,750.Her parents' marginal tax rate is 28 percent.
Required:
a.Compute the amount of Gina's tax liability for 2015.
b.Can Gina's parents take a child tax credit for her?

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Definitions:

Category Boundaries

The lines or distinctions that separate different classes, groups, or categories, enabling individuals to differentiate between various concepts or items.

Racial Identity

An individual's awareness and experience of being a member of a racial group, including the attitudes, cultures, and social contexts that shape one's self-concept in relation to that group.

Ethnic Identity

A sense of oneself as a member of a particular ethnic group.

Native Language

The first language a person learns to speak, often from birth, and is usually the primary language used for communication in one's early life.