Mr. and Mrs. Lay's taxable income is $680,400, which includes a $22.170 dividend on their investment in Rexford Mutual Fund. Mr. and Mrs. Lay's marginal rate on ordinary income is 37 percent, and their entire Rexford dividend is subject to the Medicare contribution tax. Use Individual tax rate schedules and Tax rates for capital gains and qualified dividends a. Compute the Lays' total tax on this dividend if their Form 1099 from Rexford reported that the entire $22,170 was an ordinary dividend. b. Compute the Lays' total tax on this dividend if their Form 1099 from Rexford reported that $17.660 was an ordinary dividend and $4,510 was a capital gain distribution c. Compute the Lays' total tax on this dividend if their Form 1099 from Rexford reported that $7,110 was an ordinary dividend, $10,760 was a qualified dividend distribution, and $4,300 was a capital gain distribution. Complete this question by entering your answers in the tabs below Required A Required B Required Compute the Lays' total tax on this dividend if their Form 1099 from Rexford reported that $7,110 was an ordinary dividend, $10,760 was a qualified dividend distribution, and $4,300 was a capital gain distribution. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Income tax Medicare contribution tax Total tax e/accounting/jones_23e/individual_tax_rate_schedules.jpg Individual Tax Rate Schedules Married Filing Jointly and Surviving Spouse If taxable income is: The tax is: Not over $19,400 10% of taxable income Over $19.400 but not over $78,950 S1.940 + 12% of excess over S19.400 Over $78,950 but not over $168.400 $9,056 + 22% of excess over $78.950 Over S168,400 but not over 5321.450 $28.765 +24% of excess over $168,400 Over S321.450 but not over $405,200 $65.497 + 32% of excess over $321,450 Over $408.200 but not over $612,350 593,257 +35% of excess over $405,200 Over 5612.350 $164.709.50 +37% of excess over $612,350 Married Filing Separately Ir taxable income is: The tax is: Not over 59,700 10% of taxable income Over 59,700 but not over $39,475 5970+ 12% of excess over 59,700 Over 539,475 but not over $84.200 S4,543 + 22% of excess over 539,475 Over 554.200 but not over S160.725 S14.382.50 +24% of excess over $84.200 Over S160,725 but not over S204.100 S32.745.50 + 32% of excess over S160.725 Over S204.100 but not over $306,175 546,625 50 + 35% of excess over S204.100 Over $306.175 SS2,354.75 + 37% of excess over 5306,175 Heads of Household If taxable income is: The tax is: Not over $13.550 10% of taxable income Over $13.550 but not over S52.550 S1.355 + 12% of excess over $13.550 Over S52,550 but not over $54,200 56,065 + 22% of excess over S52,550 Over SS4,200 but not over S160.700 S12.962 +24% of excess over $34.200 Over $160,700 but not over S204,100 $31.322 + 32% of excess over $160,700 Over S204,100 but not over S510,300 S45.210 + 35% of excess over S204.100 Over SS10.300 S152.350 + 37 of excess over 5510,300 Single If taxable income is: Not over $9.700 Over 59.700 but not over $39.475 Over 539,475 but not over SS4,200 Over $84.200 but not over $160.725 The tas is: 10- of taxable income 5970+ 12 of excess over $9.700 54.543 + 22 of excess over 39.475 S1+352 5 + 24 of excess over $5+.200 Tax rates for capital gains and qualified dividends. Rate Married Filing Jointly Married Filing Separately Single Head of Household 0%* $0 - $39,375 $0 - $39,375 $0 - $52,750 15%** $0 - $78,750 $78,751 - $488,850 $39,376 - $244,425 $39,376 - $434,550 $52,751 - $461,700 20% $488,851+ $244,426+ $434,551+ $461,701+ * The highest income amount in this range for each filing status is referred to as the maximum zero rate amount ** The highest income amount in this range for each filing status is referred to as the maximum 15-percent amount