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
Chapter1: The Individual Income Tax Return
Section: Chapter Questions
Problem 8P
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Q. 1
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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ISBN:
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Author:
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Publisher:
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