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Lacy is a single taxpayer. In 2021, her taxable income is $42,200. What is her tax liability in each of the following alternative situations? Use

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Lacy is a single taxpayer. In 2021, her taxable income is $42,200. 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.) c. Her $42,200 of taxable income includes $5,200 of qualified dividends. Tax liability 2021 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $9.950 10% of taxable income $ 9.950 $ 40,525 $995 plus 12% of the excess over $9,950 $ 40,525 $ 86,375 $4,664 plus 22% of the excess over $40,525 $ 86,375 S 164.925 S14.751 plus 24% of the excess over $86,375 $ 164 925 $ 209,425 533,603 plus 32% of the excess over $164.925 $ 209,425 $ 523,600 $47,843 plus 35% of the excess over $209,425 S 523,600 $157,804.25 plus 37% of the excess over $523,600 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: S 0 $ 19,900 10% of taxable income S. 19.900 $ 81,050 $1,990 plus 12% of the excess over $19.900 S 81.050 $ 172.750 $9,328 plus 22% of the excess over $81,050 S 172,750 S 329,850 $29,502 plus 24% of the excess over $172.750 S 329.850 $ 418,850 S67 206 plus 32% of the excess over $329,850 S 418,850 $ 628,300 S95,686 plus 35% of the excess over $418,850 S 628,300 S168.993.50 plus 37% of the excess over $628,300 Schedule 2 Head of Household Ir taxable income is over: But not over: The tax is: S 0 S 14.200 10% of taxable income $ 14,200 S 54,200 $1,420 plus 12% of the excess over $14.200 S 54,200 $ 86,350 $6,220 plus 22% of the excess over $54.200 $ 86,350 $164.900 $13.293 plus 24% of the excess over $86,350 16.0m COM 14th CIO CONCEPTUAL F....doc Image (3).jpeg Image (2).jpeg esc * 30 DOO OOD F3 FS 2 A 1 1 & N # 3 4 unde % 5 6 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over:But not over: The tax is: S 0 $ 19.900 10% of taxable income $ 19.900 $ 81,050 $1.990 plus 12% of the excess over $19,900 $ 81,050 $ 172,750 $9,328 plus 22% of the excess over $81,050 S 172,750 $ 329,850 $29,502 plus 24% of the excess over $172,750 $ 329,850 $ 418,850 $67,206 plus 32% of the excess over $329,850 $ 418,850 S628,300 $95,686 plus 35% of the excess over $418,850 S 628,300 $168.993.50 plus 37% of the excess over $628,300 Schedule Z-Head of Household If taxable income is over: But not over: The tax is: $ 0 S 14,200 10% of taxable income S 14,200 $ 54,200 SI 420 plus 12% of the excess over $14,200 S 54.200 $ 86,350 $6.220 plus 22% of the excess over $54,200 $ 86,350 $164.900 $13,293 plus 24% of the excess over $86,350 S 164 900 $ 209.400 $32.145 plus 32% of the excess over $164,900 S 209 400 S 523,600 $46,385 plus 35% of the excess over $209,400 S523.600 S156,355 plus 379 of the excess over $523,600 Schedule Y-2-Married Filing Separately If taxable income is over. But not over: The tax is: S S 9.950 109 of taxable income $9.950 S 40.525 S995 plus 12% of the excess over $9.950 $ 40.525 S 86.375 $4.664 plus 22% of the excess over $40,525 S86375 S 164.925 $14.751 plus 24% of the excess over $86,375 $ 164 925 S 209.425 $33.603 plus 32% of the excess over $164.925 S 209 425 S 314.150 S47 843 plus 35% of the excess over $209,425 S 314,150 S84 496.75 plus 37% of the excess over $314,150 CONCEPTUAL F_.doc image (3) peg Image (2).jpeg esc * 30 3 888 F4 FS N # 3 $ % 5 6 & 7 ob Q W E Tax Rates for Net Capital Casal Qualified Dividends Textielce Rate Married Vilingan Married Piling Separately Single Head of Mosebold Trusts and Estates SOS0300 0 10,400 500.00 SO554.100 05220 159 55001 SOLO 5.10.201525000 500401S 55401 5473.750 $27011320 20 SSOIBOL 5250 DE SASSI SETS 50 Trapplies the set up and down and CONCERT 2 2 5 5 4 5 6 7 V o Q w R Y U OPU P 00 A 5 D F G H K 3 Da N C V B N M 36 command EVERY GE control option

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