Required information Problem 8-50 (LO 8-1) (Algo) {The following information applies to the questions displayed below.) Lacy is a single taxpayer. In 2021, her taxable income is $42,600. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule. Dividends and Capital Gains Tax Rotes for reference. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Problem 8-50 Part-b (Algo) b. Her $42,600 of taxable income includes $1,600 of qualified dividends. Thx ability Tax Rates for Net Capital Gains and Qualified videnda Taxable Tec Married Filing Jolly Married Filing Separately Single Ilease Trusts and Estates 10-SSO DO 30.10.400 $0.540.400 50-554,100 50-$2.700 135 OLSSONO 540 401 - 25000 500,001544550 554,101.5473,750 $2.701 513.20 525001 5458310 5473.251 SI3051 *This application and divided when empfinde nefropa od dividendo a des compare 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 $164.925 $14.751 plus 24% of the excess over $86,375 $164.925 $ 209,425 $33,603 plus 32% of the excess over $164,925 S 209.425 $ 523,600 $47,843 plus 35% of the excess over $209,425 $ 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: $ 0 $ 19.900 10% of taxable income $ 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 $ 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 $ 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 $ 14,200 10% of taxable income $ 14,200 S 54,200 SI 420 plus 12% of the excess over $14,200 $ 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 $ 164.900 $ 209,400 $32.145 plus 32% of the excess over $164.900 $ 209,400 $ 523,600 $46,385 plus 35% of the excess over $209,400 $ 523.600 $156,355 plus 37% of the excess over $523.600 Schedule Y-2-Married Filing Separately Ir taxable income is over: But not over: The tax is: $0 $ 9950 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 164925 $14.751 plus 24% of the excess over $86,375 $164.925 $ 209,425 $33,603 plus 32% of the excess over $164.925 $ 209,425 $314.150 S47,843 plus 35% of the excess over $209,425 $ 314,150 $84.496.75 plus 37% of the excess over $314,150