Ch$.8$ Additional Practice

$!$

Required information

$[$The following information applies to the questions displayed below.$]$

Lacy is a single taxpayer. In $2023,$ her taxable income is $$48,400.$ What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference.

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

b$.$ Her $$48,400$ of taxable income includes $$1,400$ of qualified dividends.

Tax liability