Midterm Exam Question 19

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Midterm Exam Question 19

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Midterm Exam Question 19

For purposes of the “Kiddie Tax,” unearned income includes

  1.   wages of the child.
  2. taxable interest & dividends.
  3. gifts received.
  4. more than one of the above are considered unearned income.
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This question is taken from Accounting 015 – Tax Accounting I » Spring 2021 » Midterm Exam