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.
Correct Answer:
Verified
Correct Answer:
Verified
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