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Other Fields Homework Help Accounting Topic started by: Sheena Maskell on Jan 8, 2017



Title: Gina Lewis, age 12, is claimed as a dependent on her parent's return. During 2010, she earned ...
Post by: Sheena Maskell on Jan 8, 2017
Gina Lewis, age 12, is claimed as a dependent on her parent's return. During 2010, she earned $2,300 from a summer job. She also earned interest of $2,750. Her parents' marginal tax rate is 35 percent.

Required:
a.   Compute the amount of Gina's tax liability for 2010.
b.   Can Gina's parents take a child tax credit for her?


Title: Re: Gina Lewis, age 12, is claimed as a dependent on her parent's return. During 2010, she earned ...
Post by: Yoko900 on Jan 8, 2017
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Title: Re: Gina Lewis, age 12, is claimed as a dependent on her parent's return. During 2010, she earned ...
Post by: Sheena Maskell on Mar 20, 2017
Thank you so much