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Angelena files as the head of the household. In 2022, she reported $56,800 of taxable income, including a $10,000 qualified dividend. What is her gross
Angelena files as the head of the household. In 2022, she reported $56,800 of taxable income, including a $10,000 qualified dividend. What is her gross tax liability?
Tax Rates for Net Capital Gains and Qualified Dividends
Rate* | Taxable Income | ||||
---|---|---|---|---|---|
Married Filing Jointly | Married Filing Separately | Single | Head of Household | Trusts and Estates | |
0% | $0 - $83,350 | $0 - $41,675 | $0 - $41,675 | $0 - $55,800 | $0 - $2,800 |
15% | $83,351 - $517,200 | $41,676 - $258,600 | $41,676 - $459,750 | $55,801 - $488,500 | $2,801 - $13,700 |
20% | $517,201+ | $258,601+ | $459,751+ | $488,501+ | $13,701+ |
*This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified dividends are included in taxable income last for this purpose).
Schedule Z-Head of Household
If taxable income is over: | But not over: | The tax is: |
---|---|---|
$ 0 | $ 14,650 | 10% of taxable income |
$ 14,650 | $ 55,900 | $1,465 plus 12% of the excess over $14,650 |
$ 55,900 | $ 89,050 | $6,415 plus 22% of the excess over $55,900 |
$ 89,050 | $ 170,050 | $13,708 plus 24% of the excess over $89,050 |
$ 170,050 | $ 215,950 | $33,148 plus 32% of the excess over $170,050 |
$ 215,950 | $ 539,900 | $47,836 plus 35% of the excess over $215,950 |
$ 539,900 | $161,218.50 plus 37% of the excess over $539,900 |
Note: Round your answer to the nearest whole dollar amount.
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