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I only need PART B please and Thank You! In 2022, Carson is claimed as a dependent on his parents' tax return. His parents report
I only need PART B please and Thank You!
In 2022, Carson is claimed as a dependent on his parents' tax return. His parents report taxable income of $200,000 (married filing jointly). Carson's parents provided most of his support. What is Carson's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Required: a. Carson is 17 years old at year-end and earned $15,575 from his summer job and part-time job after school. This was his only source of income. b. Carson is 23 years old at year-end. He is a full-time student and earned $15,575 from his summer internship and part-time job. He also recelved $5,820 of qualified dividend income. Complete this question by entering your answers in the tabs below. Carson is 23 years old at year-end. He is a full-time student and earned $15,575 from his summer intemship and part-time job. He also recelved $5,620 of qualifed dividend income. 2022 Tax Rate Schedules Individuals Schedule Y-1-Married Filino Inintlv nr Oualifvino Widnw(er) Tax Rates for Net Capital Gains and Qualified Dividends "This rate applies to the net capial gains and qualjfied dividends that fall within the range of taxable income specified in the table (ner capilal gains and quallfied dridee Step by Step Solution
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