Required information Problem 8-50 (LO 8-1) [The following information applies to the questions displayed below Lacy is a single taxpayer. In 2019, her taxable income is $40,000. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule. Dividends and Capital Gains Tax Rates for reference (Do not round intermediate calculations. Round your answer to 2 decimal places.) Problem 8-50 Part-b b. Her $40,000 of taxable income includes $1000 of qualified dividends. Answer is complete but not entirely correct. s 4658 50 Tax Baby Required information Problem 8-51 (LO 8-1) The following information applies to the questions displayed below) In 2019, Sheryl is claimed as a dependent on her parents tax return Sheryl did not provide more than half her own support. What is Sheryl's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule Dividends and Capital Gains Tax Rates. Estates and Trusts for reference (Leave no answer blank. Enter zero if applicable.) Problem 8-51 Part-d d. She received $7,000 of qualified dividend income. This is her only source of income. She is 16 years old at year-end. (Round your final answer to 2 decimal places.) Answer is complete but not entirely correct. Tax liability S 78.75