Lacy is a single taxpayer. In 2022, her taxable income is $48, 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: All of her income is salary from her employer. Her $48,200 of taxable income includes $5,200 of qualified dividends. Her $48,200 of taxable income includes $9,200 of qualified dividends.

Lacy is a single taxpayer. In 2022, her taxable income is $48, 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: All of her income is salary from her employer. Her $48,200 of taxable income includes $5,200 of qualified dividends. Her $48,200 of taxable income includes $9,200 of qualified dividends.

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter15: Income Inequality And Poverty

Section: Chapter Questions

Problem 7CQ

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