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 $15,200 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 $15,200 from his summer internship and part-time job. He also received $6,020 of qualified dividend income. Complete this question by entering your answers in the tabs below. Carson is 17 years old at year-end and earned $15,200 from his summer job and part-time job after school. This was his only source of income. Sylvester files as a single taxpayer during 2022 . He itemizes deductions for regular tax purposes. He paid charitable contributions of $7,800, real estate taxes of $3,200, state income taxes of $5,950, and mortgage interest of $2,200 on $30,150 of acquisition indebtedness on his home. Sylvester's regular taxable income is $108,000. What is Sylvester's AMTI? Eva received $71,000 in compensation payments from JAZZ Corporation during 2022 . Eva incurred $10,000 in business expenses relating to her work for JAZZ Corporation JAZZ did not reimburse Eva for any of these expenses. Eva is single and deducts a standard deduction of $12,950. Based on these facts, answer the following questions: Use Tax Rate Schedule for reference. Note: Leave no answer blank. Enter zero if applicable. Round your intermediate and final answers to the nearest whole dollar amount. Required: a. Assume that Eva is considered to be an employee. What amount of FICA taxes is she required to pay for the year? b. Assume that Eva is considered to be an employee. What is her regular income tax liability for the year? c. Assume that Eva is considered to be a self-employed contractor. What are her self-employment tax liability and additional Medicare tax liability for the year? d. Assume that Eva is considered to be a self-employed contractor. What is her regular tax liability for the year? Complete this question by entering your answers in the tabs below. Assume that Eva is considered to be an employee. What amount of FICA taxes is she required to pay for the year? Trey has two dependents, his daughters, ages 14 and 18 , at year-end. Trey files a joint return with his spouse. What amount of child tax credit (either as a child or a qualifying dependent) will Trey be able to claim in 2022 for his daughters under each of the following alternative situations? Use Exhibit 8-8. Required: a. His AGl is $101,000. b. His AGl is $432,000. c. His AGI is $421,300, and his daughters are ages 10 and 12. Complete this question by entering your answers in the tabs below. His AGI is $101,000
