Multiple Choice
Satish,age 11,is a dependent of his parents.His only source of income in 2016 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) $357.
B) $195.
C) $546.
D) $300.
Correct Answer:
Verified
Correct Answer:
Verified
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