by 
Spixxy
ANSWERS: 4
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In short, the answer is yes. Of special note, a child's unearned income is taxed at the parent's (presumably higher) marginal tax rate. This so-called "kiddie tax" is to avoid abuse by taxpayers shifting income generating property to their children in order to exploit the child's lower tax bracket. A child's earned income is taxed at the child's individual tax bracket.
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Actually, no they don't if they don't work. This does not mean that you can put your bills under your child's name just because you are in debt. I am just making sure you know that so you don't destroy his/her future.
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A minor pays the same federal taxes as an adult with two possible exceptions where the minor may pay more than an adult with the same taxable income: 1. A child under age 14 with investment income of more than $1600 may be taxed may at his or her parents tax rate. 2. A minor claimed as a dependent may not get the full Personal Exemption.
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how much tax would a minor pay on 5500 dollers
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