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6 ! Required information [The following information applies to the questions displayed below.) Part 1 of 4 In 2021, Sheryl is claimed as a dependent
6 ! Required information [The following information applies to the questions displayed below.) Part 1 of 4 In 2021, Sheryl is claimed as a dependent on her parents' tax return. Her parents report taxable income of $500,000 (married filing jointly). Sheryl did not provide more than half her own support. 10 points eBook What is Sheryl's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Leave no answer blank. Enter zero if applicable.) Print References a. She received $8,800 from a part-time job. This was her only source of income. She is 16 years old at year- end. Tax liability Check my work 7 ! Required information [The following information applies to the questions displayed below.) Part 2 of 4 In 2021, Sheryl is claimed as a dependent on her parents' tax return. Her parents report taxable income of $500,000 (married filing jointly). Sheryl did not provide more than half her own support. 10 points eBook What is Sheryl's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Leave no answer blank. Enter zero if applicable.) Print References b. She received $8,800 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 16 years old at year-end. Tax liability Check my work 00 8 ! Required information [The following information applies to the questions displayed below. Part 3 of 4 In 2021, Sheryl is claimed as a dependent on her parents' tax return. Her parents report taxable income of $500,000 (married filing jointly). Sheryl did not provide more than half her own support. 10 points eBook What is Sheryl's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Leave no answer blank. Enter zero if applicable.) Print References c. She received $8,800 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 20 years old at year-end and is a full-time student. Tax liability Check my work 9 ! Required information Part 4 of 4 4 4 (The following information applies to the questions displayed below. In 2021, Sheryl is claimed as a dependent on her parents' tax return. Her parents report taxable income of $500,000 (married filing jointly). Sheryl did not provide more than half her own support. 10 points eBook What is Sheryl's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Leave no answer blank. Enter zero if applicable.) Print References d. She received $8,800 of qualified dividend income. This is her only source of income. She is 16 years old at year-end. Tax liability Check my work 10 ! Required information 10 points [The following information applies to the questions displayed below.) eBook Eva received $74,000 in compensation payments from JAZZ Corporation during 2021. Eva incurred $11,500 in business expenses relating to her work for JAZZ Corporation JAZZ did not reimburse Eva for any of these expenses. Eva is single and deducts a standard deduction of $12,550. Based on these facts, answer the following questions: Use Tax Rate Schedule for reference. (Leave no answer blank. Enter zero if applicable. Round your intermediate and final answers to the nearest whole dollar amount.) Print References a. Assume that Eva is considered to be an employee. What amount of FICA taxes is she required to pay for the year? Amount of FICA taxes
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