Max is a 14 year old dependent of his parents. During 2021, Max earned $1800 working part-time jobs, and received $1500 of interest income from corporate bonds that were given to him last year. What is Max's 2021 taxable income?

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08-11-2021
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Max is a 14 year old dependent of his parents. During 2021, Max earned $1800 working part-time jobs, and received $1500 of interest income from corporate bonds that were given to him last year. What is Max's 2021 taxable income?

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thohiele thohiele · Answer 1 · 2021-11-08T22:06:33+01:00

thohiele thohiele

08-11-2021

Answer: Max is a 14-year-old dependent of his parents. During 2019, Max earned $1,800 working part-time jobs, and he received $1,500 of interest income from corporate bonds that were given to him last year. What is Max's 2019 taxable income? How much of Max's income is subject to the Kiddie Tax?

* Note: Please provide the calculations for your answer. Thanks!!!

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