During 2024, Jasmine (age 12) received $7,300 from a corpora…
During 2024, Jasmine (age 12) received $7,300 from a corporate bond. She also received $760 from a savings account established for her by her parents. Jasmine lives with her parents and she is claimed as a dependent in their tax return. Assuming her parents’ marginal tax rate is 24%, what is Jasmine’s gross tax liability? (Use Tax Rate Schedule, Standard deduction.)