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What Options Are Available for Reporting and Paying Tax on the Unearned

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Essay

What options are available for reporting and paying tax on the unearned income of a child under age 24?


Definitions:

Cloud-Based Application

An application that loads some of the code needed to run so the application does not have to be installed locally. Also called virtual application streaming.

Satellite Modem

A type of modem that can provide Internet access at speeds faster than an analog modem but slower than cable or DSL access.

WiBro

Mobile Wireless Broadband: Also known as mobile WiMAX, allows wireless connectivity for moving devices, such as those on a bus or train.

Cable Modem

A modem that connects to the cable TV network.

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