Question
Determine the amount of tax liability in the following situations. In all cases, the taxpayer is using the filing status of married filing jointly. (Use
Determine the amount of tax liability in the following situations. In all cases, the taxpayer is using the filing status of married filing jointly. (Use the Tax Tables for taxpayers with taxable income under $100,000 and the Tax Rate Schedules for those with taxable income above $100,000. Round your intermediate computations to 2 decimal places and final answer to the nearest whole dollar amount.) Use the appropriate Tax Tables or Tax Rate Schedules. a. Taxable income of $62,449 that includes qualified dividend income of $560. b. Taxable income of $12,932 that includes qualified dividend income of $322. c. Taxable income of $144,290 that includes qualified dividend income of $4,384. d. Taxable income of $43,297 that includes qualified dividend income of $971. e. Taxable income of $262,403 that includes qualified dividend income of $12,396.
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