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Dianne Stacy, a single taxpayer, has $272,000 taxable income, which includes an $88,400 dividend from Tobler Mutual Fund. Ms. Stacy's marginal tax rate on ordinary

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Dianne Stacy, a single taxpayer, has $272,000 taxable income, which includes an $88,400 dividend from Tobler Mutual Fund. Ms. Stacy's marginal tax rate on ordinary income is 35 percent, and her entire Tobler dividend is subject to the Medicare contribution tax. Use Individual tax rate schedules and Tax rates for capital gains and qualified dividends. Required: a. Compute Ms. Stacy's total tax on this income if her Form 1099 from Tobler reported that the entire dividend was a qualified dividend distribution. b. Compute Ms. Stacy's total tax on this income if her Form 1099 from Tobler reported that $61,000 was an ordinary dividend and $27,400 was a qualified dividend distribution. C. Compute Ms. Stacy's total tax on this income if her Form 1099 from Tobler reported that $45,500 was a qualified dividend distribution and $42,900 was a capital gain distribution Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute Ms. Stacy's total tax on this income if her Form 1099 from Tobler reported that the dividend distribution. (Round your intermediate calculations and final answers to the nearest Amount Income tax Medicare contribution tax Total tax Individual Tax Rate Schedules Married Filing Jointly and Surviving Spouse If taxable income is Not over $19,900 Over $19.900 but not over $81,050 Over $81,050 but not over S172.750 Over $172.750 but not over $329,850 Over $329,850 but not over S418,850 Over $418,850 but not over $628,300 Over $628,300 The tax is 10% of taxable income $1.990.00 +12% of excess over $19.900 $9,328.00 +22% of excess over $81,050 $29,502.00 +24% of excess over $172,750 $67,206.00 - 32% of excess over $329,850 S95,686,00 + 35% of excess over S418.850 $168.993.50 +37% of excess over $628,300 Married Filing Separately If taxable income is Not over $9.950 Over $9.950 but not over $40.525 Over $40,525 but not over $86,375 Over $86,375 but not over $164.925 Over $164.925 but not over $209,425 Over $209,425 but not over $314,150 Over $314,150 The taxis 10% of taxable income $995.00+ 12% of excess over $9.950 54,664.00 +22% of excess over $40,525 $14,751.00 +24% of excess over $86,375 $33,603,00 + 32% of excess over $164.925 S47,843.00 + 35% of excess over $209,425 $84,496,75 + 37% of excess over $314,150 Head of Household If taxable income is Not over $14,200 Over $14,200 but not over S54,200 Over $54,200 but not over $86,350 Over $86,350 but not over S164,900 Over $164,900 but not over $209,400 Over $209,400 but not over $523,600 Over S523,600 The taxis 10% of taxable income 51,420.00 +12% of excess over $14,200 $6,220.00 +22% of excess over $54,200 $13,293.00 +24% of excess over $86,350 $32,145.00+ 32% of excess over $164,900 $46,385.00+ 35% of excess over $209,400 S156,355,00 + 37% of excess over S523,600 Single If taxable income is Not over $9.950 Over $9.950 but not over $40.525 Over $40.525 but not over $86,375 Over $86,375 but not over $164.925 Over $164.925 but not over $209,450 Over $209,450 but not over S523,600 Over 5523,600 The tax is 10% of taxable income $995.00 + 12% of excess over $9.950 $4,664,00 + 22% of excess over $40,525 $14,751.00 +24% of excess over 586,375 $33.603.00 - 32% of excess over $164.925 $47,843.00 - 35% of excess over $209,425 $157,804.25 +37% of excess over $523.600 Tax rates for capital gains and qualified dividends Rate 0% 15%** 20% Married Filing Jointly Married Filing Separately SO-S80,800 $0-$40,400 $80.801-$501,600 $40,401-$250.800 S501,601+ $250,801+ Single $0-$40,400 $40,401-9445,850 $445,851+ Head of Household $0-$54,100 $54,101-9473,750 $473,751+ The highest income amount in this range for each filing status is referred to as maximum vero rate amount ** The highest income amount in this range for each filing status is referred to as maximum 15-percent amount

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