which of the following is required for a taxpayer to be subject to the tax on unearned income of minors ( kiddie tax) in 2020? a) must have no earned income b) 21 years of age or younger c) both parents must be living d) net unearned income must exceed $2,200 e) all of the above are required
which of the following is required for a taxpayer to be subject to the tax on unearned income of minors ( kiddie tax) in 2020? a) must have no earned income b) 21 years of age or younger c) both parents must be living d) net unearned income must exceed $2,200 e) all of the above are required
Chapter1: The Individual Income Tax Return
Section: Chapter Questions
Problem 8MCQ
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which of the following is required for a taxpayer to be subject to the tax on unearned income of minors ( kiddie tax) in 2020?
a) must have no earned income
b) 21 years of age or younger
c) both parents must be living
d) net unearned income must exceed $2,200
e) all of the above are required
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