question archive Colin, age 12, has unearned income from interest and dividends of $2,000 and earned income from a newspaper route of $12,500
Colin, age 12, has unearned income from interest and dividends of $2,000 and earned income from a newspaper route of $12,500
Subject:LawPrice: Bought3
Colin, age 12, has unearned income from interest and dividends of $2,000 and earned income from a newspaper route of $12,500. How much of Colin's income is taxable to Colin at trust tax rates?
a. $0
b. $350
c. $900
d. $2,000
Jordan, age 14, has $2,500in interest and dividends and no earned income. How much is taxable to Jordan at Jordan's tax rate?
a. $300
b. $1,100
c. $2,200
d. $2,500
Jordan, age 14, has $2,500 in interest and dividends and unearned income. How much is taxable to Jordan at trust tax rates?
a. $0
b. $300
c. $1,100
d. $2,500
Jordan, age 14, has $2,500 in interest and dividends and earned income from a part time job of $10,500. How much is taxed to Jordan at Jordan's tax rate?
a. $300
b. $1,100
c. $1,850
d. $2,150
Jordan, age 14, has $2,500 in interest and dividends and earned income from a part time job of $10,500. How much is taxed to Jordan at trust tax rates?
a. $0
b. $300
c. $1,100
d. $1,400
