Natalie is 8 years old and has been gifted shares of stock in an airline. In 2022, the airline issued a dividend. Natalie has no other sources of income and her parents file Married Filing Jointly with their taxable income presented below.

Required:

1. Complete the Kiddie Tax computation

2. Complete the Income Tax computation for Natalie.

3. Determine the total tax on the dividends

Please show work on how to solve it.

(HINT: Reference the below data and abbreviated Tax Rates for Qualified Dividends chart in your formulas) Gross income / AGI $18,000 The Greater of: Gross income / AGI The Greater of: Minimum standard deduction $350 plus earned income Standard deduction for a dependent Taxable income Gross unearned income less $2,200 Net unearned income Income subject to tax at Natalie's rate Natalie's income tax Total tax