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Lacy is a single taxpayer. In 2020, her taxable income is $45,400. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Do not round intermediate calculations.) Problem 8-50 Part-b (Algo) b. Her $45,400 of taxable income includes $4,400 of qualified dividends. Tax liability c. Her $45,400 of taxable income includes $8,400 of qualified dividends. (Round your answers to 2 decimal places.) Tax liability Individuals Schedule X-Single If taxable income is over:But not over: $ 0 $ 9,875 $ 9,875 $ 40,125 $ 40,125 $ 85,525 $ 85,525 $163,300 $163,300 $207,350 $207,350 $518,400 $518,400 The tax is: 10% of taxable income $987.50 plus 12% of the excess over $9,875 $4,617.50 plus 22% of the excess over $40,125 $14,605.50 plus 24% of the excess over $85,525 $33,271.50 plus 32% of the excess over $163,300 $47,367.50 plus 35% of the excess over $207,350 $156,235 plus 37% of the excess over $518,400