Satish,age 11,is a Dependent of His Parents

question 57

Multiple Choice

Satish,age 11,is a dependent of his parents. His only source of income for the year is $3,000 of interest income on bonds given him by his grandparents. Satish's marginal rate is 10%,and his parent's marginal rate is 28%. Satish's tax is

• A)$380.
• B)$200.
• C)$560.
• D)$300.

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Definitions:

Social Deprivation

The lack of socially nurturing environments and relationships, which can lead to adverse effects on development and well-being.

Adult Criminals

Individuals beyond the age of majority who engage in conduct that is considered an offense and punishable by law.

Material Goods

Physical items that are produced, bought, or sold to satisfy needs and desires, including consumer goods.

Social Interest

Concern for the welfare of others and one's community as a guiding principle of behavior.