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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

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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 $22,070 was an ordinary dividend. b. Compute the Lays' total tax on this dividend if their Form 1099 from Rexford reported that $17,580 was an ordinary dividend and $4,490 was a capital gain distribution c. Compute the Lays' total tax on this dividend if their Form 1099 from Rexford reported that $6,970 was an ordinary dividend, $10,660 was a qualified dividend distribution, and $4,440 was a capital gain distribution Complete this question by entering your in the tabs below. Required A Required B Required C Compute the Lays' total tax on this dividend if their Form 1099 from Rexford reported that $6,970 was an ordinary divider $10,660 was a qualified dividend distribution, and $4,440 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

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