Keith,age 17,is a Dependent of His Parents

question 67

Multiple Choice

Keith,age 17,is a dependent of his parents.During 2016,he received $3,000 of dividend income.The parent's marginal rate is 28% and Keith's rate is 10%.Keith's tax is

• A)$292.50.
• B)$130
• C)$357.
• D)None of the above.

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Definitions:

Statistical Inferences

The process of drawing conclusions about population parameters based on a sample.

Probability

The likelihood or chance of an event occurring, expressed as a number between 0 and 1.

Parameter Data

Data or values that define or control the behavior of a mathematical function or system.

Nominal Data

This data type categorizes variables without a natural order or ranking among the categories.