Lacy is a single taxpayer. In 2021, her taxable income is $46,400. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Her $46,400 of taxable income includes $9,400 of qualified dividends.  What is her tax liability?

Individual Income Taxes
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ISBN:9780357109731
Author:Hoffman
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Chapter3: Tax Formula And Tax Determination : An Overview Of Property Transactions
Section: Chapter Questions
Problem 49P: During 2019, Inez (a single taxpayer) had the following transactions involving capital assets: a. If...
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Lacy is a single taxpayer. In 2021, her taxable income is $46,400. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Her $46,400 of taxable income includes $9,400 of qualified dividends. 

What is her tax liability? 

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