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A. Lacy is a single taxpayer. In 2015, her taxable income is $49,200. What is her tax liability in each of the following alternative situations?

image text in transcribedA. Lacy is a single taxpayer. In 2015, her taxable income is $49,200. What is her tax liability in each of the following alternative situations? Use Tax rate schedule for reference. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Her $49,200 of taxable income includes $12,900 of qualified dividends.

Tax Liability:

B. Lacy is a single taxpayer. In 2015, her taxable income is $40,000. What is her tax liability in each of the following alternative situations? Use Tax rate schedule for reference. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

1) Her $40,000 of taxable income includes $5,000 of qualified dividends.

Taxible Liability:

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