In 2022, Sheryl is claimed as a dependent on her parents' tax return. Sheryl received $7,000 of interest income from corporate bonds she received in her name several years ago. This is her only source of income. She is 16 years old at year-end, does not provide more than half of her own support, falls within the 10% tax bracket, and has a standard deduction of $1,150. Her parents report taxable income of $550,000 (married filing jointly) and a marginal tax rate of 35%. What is Sheryl's tax liability for the year?