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Need help with A, B, and D.. Determine the amount of tax liability in the following situations. In all cases, the taxpayer is using the
Need help with A, B, and D..
Determine the amount of tax liability in the following situations. In all cases, the taxpayer is using the filing status of married filing jointly. Use the Tax Tables for taxpayers with taxable income under $100,000 and the for those with taxable income above $100,000. Required: a. Taxable income of $63,969 that includes a qualified dividend of $890. b. Taxable income of $14,262 that includes a qualified dividend of $362. c. Taxable income of $147,300 that includes a qualified dividend of $4,410. Note: Round your intermediate computations to 2 decimal places and final answer to the nearest whole dollar amount. d. Taxable income of $44,867 that includes a qualified dividend of $1,269. e. Taxable income of $295,881 that includes a qualified dividend of $16,250. Note: Round your intermediate computations to 2 decimal places and final answer to the nearest whole dollar amountStep by Step Solution
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