A 17 year old child has $1,000 of adjusted gross unearned income for 2017 and no earned income. The marginal tax rate of the child's parents is 28%. What is the child's tax liability?
A) $0 B) $85 C) $238 D) $950
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Home » Business » A 17 year old child has $1,000 of adjusted gross unearned income for 2017 and no earned income. The marginal tax rate of the child's parents is 28%. What is the child's tax liability? A) $0 B) $85 C) $238 D) $950