592,500 is not the correct answer for A).

Ms. Prince wants to create a scholarship in honor of her parents at the law school from which she received her degree. She could endow the scholarship with $592,500 cash or with $592,500 worth of marketable securities with a cost basis of $355,500. Assume the taxable year is 2023 . Required: If her AGI is $3.8 million, compute the after-tax cost of the two endowment options. Use Individual Tax Rate Schedules and Tax rates for capital gains and qualified dividends. Note: Enter your answers in dollars not in millions of dollars. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Head of Household } \\ \hline If taxable income is & The tax is \\ \hline Not over $15,700 & 10% of taxable income \\ \hline Over $15,700 but not over $59,850 & $1,570.00+12% of excess over $15,700 \\ \hline Over $59,850 but not over $95,350 & $6,868.00+22% of excess over $59,850 \\ \hline Over $95,350 but not over $182,100 & $14,678.00+24% of excess over $95,350 \\ \hline Over $182,100 but not over $231,250 & $35,498.00+32% of excess over $182,100 \\ \hline Over $231,250 but not over $578,100 & $51,226.00+35% of excess over $231,250 \\ \hline Over $578,100 & $172,623.50+37% of excess over $578,100 \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & Single \\ \hline If taxable income is & The tax is \\ \hline Not over $11,000 & 10% of taxable income \\ \hline Over $11,000 but not over $44,725 & $1,100.00+12% of excess over $11,000 \\ \hline Over $44,725 but not over $95,375 & $5,147.00+22% of excess over $44,725 \\ \hline Over $95,375 but not over $182,100 & $16,290.00+24% of excess over $95,375 \\ \hline Over $182,100 but not over $231,250 & $37,104.00+32% of excess over $182,100 \\ \hline Over $231,250 but not over $578,125 & $52,832.00+35% of excess over $231,250 \\ \hline Over $578,125 & $174,238.25+37% of excess over $578,125 \\ \hline \end{tabular} Tax rates for capital gains and qualified dividends * The highest income amount in this range for each filing status is referred to as maximum zero rate amount. ** The highest income amount in this range for each filing status is referred to as maximum 15-percent amount