Answer to A is NOT 350
Answer to B is NOT 448
Answer to C is NOT 448
Answer to D is not 0
Required information [The following information applies to the questions displayed below. In 2018, 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.) a. She received $5,800 from a part-time job. This was her only source of income. She is 16 years old at year-end. b. She received $5,800 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. c. She received $5,800 of interest income from corporate bonds she received several years ago. This is her only source of income She is 20 years old at year-end and is a full-time student. d. She received $5,800 of qualified dividend income. This is her only source of income. She is 16 years old at year-end. Individuels Schedule X-Single Schedue Z-Head of Household If taxable income But not over: The tax is: If taxable incomei But not over: The tax is: is over: over: 0 9,525 | 10% of taxable income $ 13.600 | 10% of taxable inco me S 9,525 $ 3S,700 | S952.50 plus 12% of S 13,600 $ 51.300 | $1.360 plus 12% of the excess over S9.525 the excess over $13,600 S 38,700 $ $2.500 | S4453 50 plus 22% of S 51,800 $ S2.500 | S5.944 plus 22% of the excess over the excess over $38,700 $51,800 S 82,500 $157,500 |$14,039 50 plus 24% S S2,500 $157,500 | $12,693 plus 24% of of the excess over $32,500 the excess over $32,500 S157.500 $200,000 | $32.059 50 plus 32% S157,500 $200,000 | 530,693 plus 32% of of the excess over S157,500 the excess over S157,500 $200,000 $500,000 | $45,639.50 plus 35% $200,000 $500,000 | S44.293 plus 35% of of the excess over $200,000 the excess over $200,000 $149,298 plus 37% of the excess over $500,000 $500,000 $150,639 50 plus 37% of the excess over $500,000 S500,000 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) Schedule Y-2-Married Filing Separately If taxable income But not over: The tax is: If taxable income is But not over: The tax is: is over: over: 0 $ 19,050 | 10% of taxable income 0 9.525 | 10% of taxable income S 19.050 $ 77.400 | $1.905 plus 12% of S 9.525 $ 38.700 | S952.50 plus 12% of the excess over the excess over $9.525 $19.050 S 77.400 $165.000 | $8907 plus 22% of S 33.700 $ 82.500 $4.453.50 plus 22% of the excess over the excess over S38.700 S77.400 S165.000 $315.000 | S2S. 179 plus 24% of S 82.500 $157.500 |S14.0S9.50 plus 24% the excess over S165.000 of the excess over $32.500 S315.000 $400.000 | S64.179 plus 32% of S157.500 $200,000 | $32.089.50 plus 32% of the excess over S157.500 the excess over S315.000 S400.000 $600.000 | S91.379 plus 35% of S200.000 $300.000 | S45639.50 plus 35% of the excess over $200.000 the excess over $400.000 S600.000 $161.379 plus 37% of the excess over $600.000 S300,000 $80.639.50 plus 37% of the excess over $300.000 Tax Rates for Net Capital Gains and Qualified Dividends Rate Taxable Income Filing Married Filing Jointly Single Head of Household Trusts and Estates Separately SO $51,700 $0 $2.600 0% so-$77,200 15% | $77.201-S479.000 | $38.601-$239.500 | $38.601-$425.800 | S5 1.701-$452.400 | S2.601-SI 2.700 20% SO $38.600 SO $38.600 $479,000+ $239,500-+ $425,801+ $452.401+ $12.701+ This rate applies to the net capital gaina 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) Estates and Trusts If taxable income is But not The tax is: over: over: 0 $ 2,550 | 10% of taxable income 2.550 $ 9,150 | $255 plus 24% of the excess over $2.550 | $1.839 plus 35% of the excess over $9,150 $9.150 $12.500 $12.500 $3,011.50 plus 37% of the excess over $12,500
