Choose the answer with explanation: Question 92) Elise, age 20, is a full-time college student with earned income from wages of $4,400 and interest income of $500. Elise's parents provide more than half of her support. Elise's taxable income is A) $0. B) $150. C) $500. D) $3,900. 93) Michelle, age 20, is a full-time college student with earned income from wages of $5,200 and interest income of $700. Michelle's parents provide more than half of Michelle's support. Michelle's taxable income is A) $0. B) $1,000. C) $350. D) $4,900. 94) Frank, age 17, received $4,000 of dividends and $1,500 from a part-time job. Frank is a dependent of his parents who are in the 28% percent bracket. Frank's taxable income is A) $0. B) $4,000. C) $4,500. D) $3,650. 95) Satish, age 11, is a dependent of his parents. His only source of income for the year is $3,000 of interest income on bonds given him by his grandparents. Satish's marginal rate is 10%, and his parent's marginal rate is 28%. Satish's tax is A) $380. B) $200. C) $560. D) $300. 96) Vincent, age 12, is a dependent of his parents. During 2014, Vincent's earned income from wages is $2,600 and Vincent received $3,000 of interest income. The parent's marginal rate is 28% and Vincent's marginal rate is 10%. Vincent's tax is A) $265. B) $308. C) $445. D) none of the above.