Pyrrha, a 12-Year-Old Dependent of Epimetheus and Pandora, Received $2,200

question 36

Short Answer

Pyrrha, a 12-year-old dependent of Epimetheus and Pandora, received $2,200 of interest income in 2016. Her parents' marginal tax rate is 35%. What is Pyrrha's gross tax liability for the year?

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