In 2019, Sheryl is claimed as a dependent on her parents' tax return. Sheryl did not provide more than half her own support.

What is Sheryl's tax liability if she received $6,000 of qualified dividend income.This is her only source of income. She is 16 years old at year-end.

Tax Rates for Net Capital Gains and Qualified Dividends

Rate Married Separately Single Head of Household Trusts and Estates

0% $0 - $39,375 $0 - $39,375 $0 - $52,750 $0 - $2,650

15% $39,376 - $244,425 $39,376 - $434,550 $52,751 - $461,700 $2,651 - $12,950

20% $244,426+ $434,551+ $461,701+ $12,951+

Estates and Trusts

If taxable income is over: But not over: The tax is:

$0 $2,600 10% of taxable income

$2,600 $9,300 $260 + 24% of the excess over $2,600

$9,300 $12,750 $1,868 + 35% of the excess over $9,300

$12,750 $3,075.50 + 37% of the excess over $12,750