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Lacy is a single taxpayer. In 2018, her taxable income is $40,000. What is her tax liability in each of the following alternative situations? a.

Lacy is a single taxpayer. In 2018, her taxable income is $40,000. What is her tax liability in each of the following alternative situations?

a. All of her income is salary from her employer.

b. Her $40,000 of taxable income includes $1,000 of qualified dividends.

c. Her $40,000 of taxable income includes $5,000 of qualified dividends.

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