Click here to access tax table for this problem. Carryout the tax computations to two decimal places and round the final tax liability to the nearest dollar. Compute the Federal income tax labbitity for the Valenio Trust by providing the following amounts: The amount of the trustee's gross income taxed at 20% for the Valerio Irust is $ The Trustee taxable income taxed at ordinary rates for the Valerio Trust is i The federal income tax liability for the Valerio Trust is 5 feedbac roheck Mr woik Congress's desire to stop trusts from benig used as income-shifing devices has made the tust entity the highest-taxed taxpayer in the Code, The entity reaches the 37 percent marginal federal income tax rate in 2021 once taxoble income exceeds $13,050, so the grantor's ability to shitt income in a tax etfective manner is nearly eliminated. Income Tax Rates-Estates and Trusts Tax Year 2021 Income Tax Rates-C Corporations, 2018 and after For all income levels, the tax rate is 21%