Multiple Choice
Vincent,age 12,is a dependent of his parents.During 2016,Vincent's earned income from wages is $2,600 and Vincent received $3,000 of interest income.The parent's marginal rate is 28% and Vincent's marginal rate is 10%.Vincent's tax is
A) $265.
B) $742.
C) $412.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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