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k ances Required Information Problem 8-50 (LO 8-1) (Algo) [The following information applies to the questions displayed below.] Lacy is a single taxpayer. In 2021,
k ances Required Information Problem 8-50 (LO 8-1) (Algo) [The following information applies to the questions displayed below.] Lacy is a single taxpayer. In 2021, her taxable income is $43,600. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Problem 8-50 Part-c (Algo) c. Her $43,600 of taxable income includes $6,600 of qualified dividends. Tax liability $ 5,303.00 2 Ded Required Information Problem 8-51 (LO 8-1) (Algo) [The following information applies to the questions displayed below.] In 2021, Sheryl is claimed as a dependent on her parents' tax return. Her parents report taxable income of $500,000 (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. (Leave no answer blank. Enter zero if applicable.) ook int erences Problem 8-51 Part-c (Algo) c. She received $7,100 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. Tax liability rt 2 of 2 36 ints Skipped Required Information Problem 8-51 (LO 8-1) (Algo) [The following information applies to the questions displayed below.] In 2021, Sheryl is claimed as a dependent on her parents' tax return. Her parents report taxable income of $500,000 (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. (Leave no answer blank. Enter zero if applicable.) eBook Print References Problem 8-51 Part-d (Algo) d. She received $7,100 of qualified dividend income. This is her only source of income. She is 16 years old at year-end. Tax liability
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