a. In 2019, Sheryl is claimed as a dependent on her parents' tax return. Sheryl did not provide more than half her own support. 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, Estates and Trusts for reference. (Leave no answer blank. Enter zero if applicable.) She received $5,700 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. Note: apply the kiddie tax rules as explained in the text book (using trust and estate tax rates).

b. In 2020, Sheryl is claimed as a dependent on her parents' tax return. Sheryl did not provide more than half of her own support. Her parents are in the 12% marginal tax bracket. Sheryl's income tax rate is 10%. What is Sheryl's tax liability if Sheryl received $5,000 of interest income this year from corporate bonds. This is her only source of income. She is 16 years old at year-end. Note: apply the current kiddie tax rules (as covered in the video lecture on kiddie tax).