During 2020, Jasmine (Age 12)received $7,250 from a Corporate Bond

Multiple Choice

During 2020, Jasmine (age 12) received $7,250 from a corporate bond. She also received $750 from a savings account established for her by her parents. Jasmine lives with her parents and she is claimed as a dependent in their tax return.. What is Jasmine's gross tax liability? ( Use Tax Rate Schedule, Standard deduction, Estates and Trusts.)

A) $0
B) $110
C) $1,028
D) $1,138