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 appropriate (2018) Tax Tables or (2018) Tax Rate Schedules.
Taxable income of $70,801 that includes a qualified dividend of $765.
Taxable income of $16,371 that includes a qualified dividend of $343.
Taxable income of $149,100 that includes a qualified dividend of $4,680. (Round your intermediate computations to 2 decimal places and final answer to the nearest whole dollar amount.)
Taxable income of $50,517 that includes a qualified dividend of $1,070. Taxable income of $299,373 that includes a qualified dividend of $19,309. (Round your intermediate computations to 2 decimal places and final answer to the nearest whole dollar amount.)
(For all requirements, 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.)
Tax liability
a.
b.
c.
d.
e.
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