Lacy is a single taxpayer. In 2022, her taxable income is $44,200. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule. Dividends and Capital Gains Tax Rates for reference. Note: Do not round Intermediate calculations. Round your answer to 2 decimal places. Required: a. All of her Income is salary from her employer. b. Her $44,200 of taxable income includes $1,200 of qualified dividends. c. Her $44,200 of taxable income includes $5,200 of qualified dividends.
Lacy is a single taxpayer. In 2022, her taxable income is $44,200. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule. Dividends and Capital Gains Tax Rates for reference. Note: Do not round Intermediate calculations. Round your answer to 2 decimal places. Required: a. All of her Income is salary from her employer. b. Her $44,200 of taxable income includes $1,200 of qualified dividends. c. Her $44,200 of taxable income includes $5,200 of qualified dividends.
Chapter3: Computing The Tax
Section: Chapter Questions
Problem 18CE
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Please answer A & C.
Transcribed Image Text:Lacy is a single taxpayer. In 2022, her taxable income is $44,200. What is her tax liability in each of the following alternative situations?
Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference.
Note: Do not round Intermediate calculations. Round your answer to 2 decimal places.
Required:
a. All of her Income is salary from her employer.
b. Her $44,200 of taxable income includes $1,200 of qualified dividends.
c. Her $44,200 of taxable income includes $5,200 of qualified dividends.
Complete this question by entering your answers in the tabs below.
Required A
Required B Required C
Her $44,200 of taxable income includes $5,200 of qualified dividends.
Tax liability
< Required B
Required C >
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