ACCT 413-Fall 2022 Ch 1, 2, 4, 5 9. Hannah, who is single, received a qualified dividend of $1,000. Hannah's marginal ordinary income tax rate is 32%. What amount of tax must she pay on the $1,000 dividend? 10. In 2021, Brittany, who is single, cares for her father, Raymond. Brittany pays the bills relating to Raymond's home. She also buys groceries and provides the rest of his support. Raymond has no gross income. Brittany received $45,000 of salary from her employer during the year. Brittany reports $3,000 of itemized deductions. What is Brittany's taxable income? 11. In February of 2020, Lorna and Kirk were married. During 2021, Lorna received $40,000 of compensation from her employer and Kirk received $30,000 of compensation from his employer. The couple together reported $2,000 of itemized deductions. Lorna and Kirk filed separately in 2021. What is Lorna's taxable income and what is her tax liability? 12. Heather, a single taxpayer who files as a head of household, earns $63,000 in taxable income and $8,000 in interest from an investment in city of Oxford bonds. How much federal tax will she owe? What is her average tax rate? What is her effective tax rate? What is her current marginal tax rate? If Heather has an additional $23,000 of tax deductions, what is her marginal tax rate on these deductions? 13. Doug and Lisa have determined that their 2021 tax liability on their joint return is $3,700. They have made prepayments of $1,000 and also are entitled to a $3,000 child tax credit. What is the amount of their tax refund or taxes due?