a.	Compute Lucille'sLucille's taxable income and federal tax liability for 20192019 (round todollars).
b.	Compute Lucille'sLucille's marginal, average, and effective tax rates.
c.	For tax planning purposes, which of the three rates in Part b is the mostimportant?

Lucille, a single taxpayer, had the following income and deductions for the tax year 2019: : (Click the icon to view the income and deductions.) (Click the icon to view the standard deduction amounts.) 3 (Click the icon to view the 2019 tax rate schedule for the Single filing status.) Read the requirements. Requirement a. Compute Lucille's taxable income and federal tax liability for 2019. First calculate the gross income, then calculate taxable income and the federal tax liability. (Calculate the tax using the tax rate schedule. Do not round interim tax calculations. Round the amount entered into the cell to the nearest whole dollar. If an input field is not used in the table, leave the input field empty, do not select a label or enter a zero.) Total income from whatever source derived Minus: Exclusions, as provided in the tax law Gross income Choose from any list or enter any number in the input fields and then click Check Answer. Lucille, a single taxpayer, had the following income and deductions for the tax year 2019: E (Click the icon to view the income and deductions.) / (Click the icon to view the stan X ble filing status.) 0 Data Table Read the requirements Requirement a. Compute Lucille's taxable income and federal tax liability for 2019. INCOME: First calculate the gross income, then calculate taxable income and the federal tax liability whole dollar. If an input field is not used in the table, leave the input field empty; do not sele Salary Business Income Interest income from taxable bonds the amount entered into the cell to the nearest 125,000 26,000 7,000 3,200 Tax-exempt bond interest TOTAL INCOME 161,200 DEDUCTIONS Business expenses Business expenses Business income Interest income Itemized deductions Salary Standard deduction Tax-exempt interest income Itemized deductions TOTAL DEDUCTIONS 8,500 19,000 27,500 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. PI:1-39 (similar to) i o - x Help Reference Lucille, a single taxpayer, had the following income and deductions f (Click the icon to view the income and deductions.) (Click th Read the requirements STANDARD DEDUCTION Filing Status Requirement a. Compute Lucille's taxable income and federal tax lil $ $ $ First calculate the gross income, then calculate taxable income and whole dollar. If an input field is not used in the table, leave the input nearest Married individuals filing joint returns and surviving spouses Heads of households Unmarried individuals (other than surviving spouses and heads of households) Married individuals filing separate returns Additional standard deduction for the aged and the blind; Individual who is married and surviving spouses Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus $350 or (2) $1,100. 24,400 18,350 12,200 12,200 $1,300** $1,650** Business expenses Business income Interest income Itemized deductions Salary Standard deduction Tax-exempt interest income * These amounts are $2,600 and $3,300, respectively, for a taxpayer who is both aged and blind. Personal and Dependency Exemptions Suspended: In conjunction with the increased standard deduction amount, the Tax Cuts and Jobs Act reduces the personal exemption amount to $0 for tax years from 2018 through 2025, effectively suspending the exemptions for these years. Lucille, a single taxpayer, had the following income and deductions for the tax year 2019: (Click the icon to view the income and deductions.) 3 (Click the icon to view the standard deduction amounts.) 3 (Click the icon to view the 2019 tax rate schedule for the Single filing status.) Read the requirements. A Reference Requirement a. Compute Lucille's taxable income and federal tax liability for 2019. the nearest First calculate the gross income, then calculate taxable income and the federal tax liability. (Calci whole dollar. If an input field is not used in the table, leave the input field empty; do not select a la Business expenses Business income Interest income Itemized deductions Salary Standard deduction Tax-exempt interest income Single If taxable income is: The tax is: Not over $9,700 ............. 10% of taxable income. Over $9,700 but not over $39,475 ...... $970.00 + 12% of the excess over $9,700 Over $39,475 but not over $84,200 ...... $4,543.00 +22% of the excess over $39,475. Over $84,200 but not over $160,725 ..... $14.382.50 +24% of the excess over $84,200. Over $160,725 but not over $204,100 .... $32,748.50 + 32% of the excess over $160,725 Over S204.100 but not over $510,300 .... $46.628.50 + 35% of the excess over $204,100. Over $510,300 ........... .........$153,798.50 + 37% of the excess over $510,300. Print Done Choose from any list or enter any number in the input fields and then click Check