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In 2022, Sheryl is claimed as a dependent on her parents' tax return. Her parents report taxable income of $550,000 (married filing Jointly). Sheryl did

image text in transcribedimage text in transcribedimage text in transcribed In 2022, Sheryl is claimed as a dependent on her parents' tax return. Her parents report taxable income of $550,000 (married filing Jointly). Sheryl did not provide more than half her own support. What is Sheryl'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: Leave no answer blank. Enter zero if applicable. Required: a. She received $7,600 from a part-time job. This was her only source of income. She is 16 years old at year-end. b. She received $7,600 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 16 years old at year-end. c. She received $7.600 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 20 years old at year-end and is a full-time student. d. She received $7,600 of qualified dividend income. This is her only source of income. She is 16 years old at year-end, Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: S 0 $ 20,550 $ 20,550 $ 83,550 $178,150 S 340,100 $ 83,550 $178,150 $ 340,100 $ 431,900 $ 431,900 $ 647,850 $ 647,850 The tax is: 10% of taxable income $2,055 plus 12% of the excess over $20,550 $9,615 plus 22% of the excess over $83,550 $30,427 plus 24% of the excess over $178,150 $69,295 plus 32% of the excess over $340,100 $98,671 plus 35% of the excess over $431,900 $174,253.50 plus 37% of the excess over $647,850 Schedule Z-Head of Household If taxable income is over: But not over: S 0 $ 14,650 $ 55,900 $ 89,050 $ 170,050 $ 215,950 $539,900 $ 14,650 $ 55,900 $ 89,050 $170,050 $ 215,950 $539,900 The tax is: 10% of taxable income $1,465 plus 12% of the excess over $14.650 $6,415 plus 22% of the excess over $55,900 $13,708 plus 24% of the excess over $89,050 $33,148 plus 32% of the excess over $170,050 $47,836 plus 35% of the excess over $215,950 $161,218.50 plus 37% of the excess over $539,900 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $ 0 $ 10,275 $ 41,775 $ 89,075 $ 170,050 $ 215,950 $ 323,925 $ 10,275 $ 41,775 $ 89,075 $ 170,050 $ 215,950 $ 323,925 The tax is: 10% of taxable income $1,027.50 plus 12% of the excess over $10,275 $4,807.50 plus 22% of the excess over $41,775 $15,213.50 plus 24% of the excess over $89,075 $34,647.50 plus 32% of the excess over $170,050 $49,335.50 plus 35% of the excess over $215,950 $87,126.75 plus 37% of the excess over $323,925 a D Tax Rates for Net Capital Gains and Qualified Dividends Taxable Income Rate 0% Married Filing Jointly Married Filing Separately Head of Household Trusts and Estates 15% 50-$83,350 $83,351-$517,200 $0-$41,675 $41,676 $258,600 $517,201+ $258,601+ $459,751+ 20% Single $0-$41,675 $41,676 $459,750 50-$55,800 $55,801 $488,500 $488,501+ $0 - $2,800 $2,801-$13,700 $13,701+ *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified divide. purpose)

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