Lacy is a single taxpayer. In 2017, her taxable income is $40,000. What is her tax liability

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Lacy is a single taxpayer. In 2017, her taxable income is $40,000. What is her tax liability in each of the following alternative situations?
a. All of her income is salary from her employer.
b. Her $40,000 of taxable income includes $1,000 of qualified dividends.
c. Her $40,000 of taxable income includes $5,000 of qualified dividends.
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Essentials Of Federal Taxation 2018

ISBN: 9781260007640

9th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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