During 2021, Jasmine (age 12) received $6,500 from a corporate bond. She also received $600 from a savings account established for her by her parents. Jasmine lives with her parents and she is claimed as a dependent in their tax return. Assuming her parents' marginal tax rate is 24%, what is Jasmine's gross tax liability? (Round your intermediate and final answer to the nearest whole dollar amount.) ( Use Tax Rate Schedule, Standard deduction.) Multiple Choice $0 O $110 O $1,176 $1,286 2021 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over:But not over: The tax is: $ 0 S 9.950 10% of taxable income $ 9,950 $ 40,525 995 plus 12% of the excess over $9.950 $ 40,525 S 86,375 $4.664 plus 22% of the excess over $40,525 $ 86,375 S 164,925 $14.751 plus 24% of the excess over $86,375 $164,925 $ 209,425 $33.603 plus 32% of the excess over $164.925 $ 209,425 S 523,600 47.843 plus 35% of the excess over $209,425 $ 523,600 $157,804.25 plus 37% of the excess over $523,600 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 S 19.900 10% of taxable income $ 19,900 S 81,050 $1.990 plus 12% of the excess over $19.900 $ 81,050 S 172,750 $9,328 plus 22% of the excess over $81,050 $ 172,750 $ 329,850 $29,502 plus 24% of the excess over $172.750 $ 329,850 S 418.850 567,206 plus 32% of the excess over $329,850 $ 418,850 S628,300 $95.686 plus 35% of the excess over $418,850 $ 628,300 $168.993.50 plus 37% of the excess over $628,300 Schedule Z-Head of Household If taxable income is over:But not over: The tax is: $ 0 $ 14,200 10% of taxable income $ 14,200 S 54,200 $1.420 plus 12% of the excess over $14,200 $ 54,200 S 86,350 S6.220 plus 22% of the excess over $54,200 $ 86,350 S 164,900 $13,293 plus 24% of the excess over $86,350 $ 164,900 $ 209,400 $32.145 plus 32% of the excess over $164.900 $ 209,400 S 523,600 S46,385 plus 35% of the excess over $209,400 $ 523,600 $156,355 plus 37% of the excess over $523.600 Schedule Y-2-Married Filing Separately If taxable income is over:But not over: The tax is: $ 0 $ 9,950 10% of taxable income $ 9,950 $ 40,525 $995 plus 12% of the excess over $ 9,950 $ 40,525 S 86,375 S4.664 plus 22% of the excess over $40,525 $ 86,375 S 164.925 $14.751 plus 24% of the excess over $86,375 $ 164,925 $ 209,425 $33.603 plus 32% of the excess over $164.925 $ 209,425 S 314,150 $47.843 plus 35% of the excess over $209,425 $ 314,150 $84.496.75 plus 37% of the excess over $314.150 Filing Status Married filing jointly Head of household Single Married filing separately Qualifying Widow or Widower 2020 Amounts Basic Standard Deduction Additional Standard Deduction for Age and/or Blindness at End of year $24.800 $1,300 18,650 1,650 12,400 1.650 12,400 1,300 24.800 1,300 Filing Status Married filing jointly Head of household Single Married filing separately Qualifying Widow or Widower 2021 Amounts Basic Standard Deduction Additional Standard Deduction for Age and/or Blindness at End of year $25,100 $1,350 18,800 1,700 12,550 1,650 12,550 1,300 25.100 1.300 *For individuals claimed as a dependent on another return, the 2021 standard deduction is the greater of (1) $1,100 or (2) $350 plus earned income not to exceed the standard deduction amount of those who are not dependents