Satish,age 11,is a Dependent of His Parents

question 66

Multiple Choice

Satish,age 11,is a dependent of his parents.His only source of income in 2019 is $8,000 of interest income on bonds given him by his grandparents,resulting in taxable income of $6,900.Under kiddie tax rules,calculation of tax requires dividing taxable income between net unearned income and earned taxable income.Satish's taxable income will be divided as follows:

• A)net unearned income -$6,900 and earned taxable income -$0.
• B)net unearned income -$5,800 and earned taxable income -$1,100.
• C)net unearned income -$0 and earned taxable income -$6,900.
• D)net unearned income -$8,000 and earned taxable income -$1,100.

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Definitions:

Polarization

The process or phenomenon where a group or society gets divided into sharply contrasting opinions or beliefs.

Mental Agenda

A mental agenda refers to the set of priorities, tasks, or objectives that an individual plans to accomplish, often reflecting their personal or professional goals.

Objective Strategies

Planned actions or approaches aimed at achieving specific goals based on factual analysis.

Effective Leaders

Individuals who demonstrate the ability to influence, motivate, and enable others to contribute toward the effectiveness and success of the organizations of which they are members.