Problem 3 47 LO 1 3 7 Terri age 16 is a dependent of her

Last updated: 9/7/2023

Problem 3 47 LO 1 3 7 Terri age 16 is a dependent of her parents During 2023 Terri earned 5 200 in interest income and 3 000 from part time jobs Click here to access the 2023 tax rate schedule a What is Terri s taxable income b How much of Terri s income is taxed at her parent s rate At her rate c Can the parental election be made Why or why not The parental election be made because Terri s income solely from interest and dividends