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Yusef, Age 15, Is a Dependent of His Parents

question 2221

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Yusef, age 15, is a dependent of his parents. In 2018 he earned $5,000 from a part- time job and $8,000 of interest income on bonds given him by his grandparents, resulting in taxable income of $7,650. Under kiddie tax rules, calculation of tax requires dividing taxable income between net unearned income and earned taxable income. Yusef's taxable income will be divided as follows:


Definitions:

Individual Feedback

Personalized responses or evaluations provided to an individual regarding their performance, behavior, or work, intended for their professional growth or improvement.

Verbally

Pertaining to or involving the use of words, especially spoken words, in communication.

Nonverbally

Communicating without the use of spoken language, often through gestures, body language, or facial expressions.

Visualizing

The practice of forming mental images or concepts of what is not physically present or has not yet occurred, often used as a technique to enhance performance or achieve goals.

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