Required information Problem 8-52 (LO 8-1) The following information applies to the questions displayed below) In 2019, Carson is claimed as a dependent on his parents' tax return. Carson's parents provided most of his support. What is Carson'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. Problem 8-52 Part-b b. Carson is 23 years old at year-end. He is a full-time student and earned $14,825 from his summer internship and part-time job. He also received $6.110 of qualified dividend income. (Do not round intermediate calculations. Round your final answer to 1 decimal place.) Tax liability Estates and Trusts Ines 5 2.000 5 2.600 9300 $9.00 $12.750 10% of table income 520 path 52.600 31.868 plus 55 of the Over $9 300 $3.073 50 plus 375 of the over $12.750 512.750 Tax Rates for Net Capital Gains and Qualified Dividends Rate Married Filing Jointly Married Filing Separate Single 13 205 SD-578.750 $78,751 - $483 850 $48,51+ $0 - $39,375 $39,376 - $244.425 $244.426+ 50 - 539,375 $39.376 - 5434,350 5434.551+ 50 - 552.750 $52.751 - 5461.700 5461,701+ and Estates 50 - 13.650 52.651 - 112.950 $12.951+ "This replies to the net capital gains and qualified dividends that all within the range of dende are included in t he income last for this purpose become specified in the wa l ls and in die Basic Standard Deduction Amounts Amount of Each Additional Standard Deduction for Taxpayers Who Are Age 65 or Blind Amount 019 A Married taxpayers Single taxpayer or head of household $1,300 51.60 $1.100 51.680 SI5.000 2019 Filing Status Amount Married Filing Jointly $24.000 $24.400 Qualifying Widow or Widower $24,000 $24.400 Married Filing Separately $12.000 $12,200 Head of Household 518350 Single (512.000 S12.200 For individuals claimed as a dependent on another return, the 2019 standard deduction is the greater of (1) $1,100 or (2) S350 plus eamed income not to exceed the standard deduction amount of those who are not dependents. Exemption Amount 2018 2019 $4,150 $4,200" Cont go over Used for qualifying relative gross income. 12/2007 earned not o Corporations Tuleurum cheand Rate 215 Tax Rates Individuals 2019 Tax Rate Schedules Schedule X-Single If table income is Schedule Z- But not Income is ver: $ 0 9,700 $ 9,700 $ 39,475 0 $ 13.850 $ 39,475 $ 84,200 $ 52.850 $160,725 The taxi 107 of t he income $970 plus 125 of the excess over 59,700 $4,543 plus 225 of the excess over $39,475 $14,382 50 plus 245 of the excess over $84, 200 $32,748.50 plus 325 of the over $160.725 $46.628.50 plus 35% of the excess over $204,100 $153.798.50 plus 37% of the excess over S510,300 $84.200 a The tas 1350 103 52.50 51.35 125 of over $13RSO $ 14.200 56 55 plus of the Over 552,850 $160,700 $12.962 plus 245 of the Over $84200 $204,100 $31.322 32 of the over $160,700 3510 300 $45 210 plus 36 of the over $204,100 $152.380 plus 37% of the excess over 5510.300 $160,725 $204,100 $160,700 $204,100 $510,300 5204.100 $510,300 5510,300 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) Schedule Y-2-Married Filing Separately If taxable income is over: If taxable income is wer: But not VETE The tas is: But not over: The tax is: $ $ 0 9.700 5 9,700 S 39,475 $ 0 $ 19,400 $ 39,475 $ 84,200 $ 78,950 $ 84,200 $160,725 $168,400 10% of taxable income $970 plus 12% of the excess over $9,700 $4,543 plus 22% of the excess over $39,475 $14.382.50 plus 245 of the excess over $84.200 $32,748.50 plus 32% of the excess over $160,725 $46.628.50 plus 35% of the excess over $204,100 $82.354.75 plus 37% of the excess over $306,175 $160,725 $ 19,400 10% of taxable income $ 78,950 $1.940 plus 12% of the excess over $19,400 $168.400 $9,086 plus 22% of the excess over $78,950 $321,450 $28.765 plus 24% of the excess over $168.400 $408,200 $65,497 plus 32% of the excess over $321.450 $612,350 $93,257 plus 35% of the excess over $408.200 $164.709.50 plus 37% of the excess over $612,350 $204.100 5321,450 $204,100 $306,175 $408,200 $306,175 $612,350