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Lacy is a single taxpayer. In 2022, her taxable income is $44,400. 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 $44,400 of taxable income includes $1,400 of qualified dividends. c. Her $44,400 of taxable income includes $5,400 of qualified dividends. Complete this question by entering your answers in the tabs below. Required A Required B Required C All of her income is salary from her employer. Tax liability $ 5,558.00

Lacy is a single taxpayer. In 2022, her taxable income is $44,400. 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 $44,400 of taxable income includes $1,400 of qualified dividends. c. Her $44,400 of taxable income includes $5,400 of qualified dividends. Complete this question by entering your answers in the tabs below. Required A Required B Required C All of her income is salary from her employer. Tax liability $ 5,558.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Lacy is a single taxpayer. In 2022, her taxable income is $44,400. 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 $44,400 of taxable income includes $1,400 of qualified dividends. c. Her $44,400 of taxable income includes $5,400 of qualified dividends. Complete this question by entering your answers in the tabs below. Required A Required B Required All of her income is salary from her employer. $ 5,558.00 Tax liability
Transcribed Image Text:Lacy is a single taxpayer. In 2022, her taxable income is $44,400. 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 $44,400 of taxable income includes $1,400 of qualified dividends. c. Her $44,400 of taxable income includes $5,400 of qualified dividends. Complete this question by entering your answers in the tabs below. Required A Required B Required All of her income is salary from her employer. $ 5,558.00 Tax liability
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