Pyrrha, a 12-Year-Old Dependent of Epimetheus and Pandora, Received $2,100

question 106

Short Answer

Pyrrha, a 12-year-old dependent of Epimetheus and Pandora, received $2,100 of interest income in 2014. Her parents' marginal tax rate is 35%. What is Pyrrha's gross tax liability for the year?

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Definitions:

Stem-And-Leaf Display

A method of displaying quantative data to show its distribution, where each data point is split into a "stem" (the initial digit or digits) and a "leaf" (the last digit).

Timeplot

A graphical representation of how a variable changes over time, displaying data points connected by lines to show trends or patterns.

Annual Profits

The net earnings of a company over a one-year period after all expenses have been deducted from its total revenue.

Distribution

In statistics, the way in which values of a variable or a set of variables spread out across a data set or population.