Required information The following information applies to the questions displayed below In 2018, 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.) a. She received $5,800 from a part-time job. This was her only source of income. She is 16 years old at year-end. b. She received $5,800 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 16 years old at year-end. c. She received $5,800 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 20 years old at year-end and is a full-time student. d. She received $5,800 of qualified dividend income. This is her only source of income. She is 16 years old at year-end. iability Individuals Schedule X-Single Schedule Z-Head of Household If taxable income But not over: The tax ist If taxable income is But not over: The tax is: is over: over 0 $ 9,525 110% of taxable income 0 $ 13,600 | 10% of taxable income S 9.525 $ 3S,700 | S952 50 plus 12% of S 13,600 $ 51.300 | S1.360 plus 12% of the excess over S9.525 the excess over $13,600 S 3S.700 S S2.500 | S4.453 50 plus 22% of S 51,800 $ S2.500 | S5.944 plus 22% of the excess over S3S,700 the excess over S51.800 S S2.500 $157,500 | SI 4,089 50 plus 24% S S2.500 $157,500 | SI 2,693 plus 24% of of the excess over SS2.500 the excess over SS2.500 $157,500 $200,000 | S32.089 50 plus 32% S157,500 $200,000 | S30.693 plus 32% of of the excess over $157.500 the excess over 157,500 S200.000 $500,000 | $45.639 50 plus 35% S200,000 $500,000 | $44,293 plus 35% of of the excess over $200,000 the excess over S200.000 $149,293 plus 37% of the excess over 500.000 500,000 $150,639 50 plus 37% of the excess over 500,000 S500,000 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) Schedule Y-2-Married Filing Separately If taxable income But not over: The tax is: If taxable income is But not over: The tax is: is over: over: 0 19,050 | 10% of taxable income 0 $ 9.525 | 10% of taxable income S 19.050 $ 77,400 | SI .905 plus 12% of S 9.525 $ 33.700 | S95 2.50 plus 12% of the excess over the excess over $9,525 S19.050 S 77.400 $165.000 | ss.907 plus 22% of S 38.700 $ 82.500 | S4.453. 50 plus 22% of the excess over $77.400 the excess over $38.700 S165.000 53 15.000 | S2S. I 79 plus 24% of S 82.500 $157.500 | S I 4,089.50 plus 24% of the excess over $82.500 the excess over S165.000 S315.000 $400.000 | S64, 179 plus 32% of S157,500 $200,000 | S32.089 50 plus 32% of the excess over $157.500 the excess over S315.000 $400,000 S600.000 | S91-379 plus 35% of S200.000 $300,000 | S45.639. 50 plus 35% of the excess over $200,000 the excess over $400.000 S 161.379 plus 37% of the excess over S600.000 80.639. 50 plus 37% of the excess over $300.000 S600.000 S300.000 Estates and Trusts If taxable income is But not The tax is: over over $ 2.550 $ 9,150 10% of taxable income $ 2,550 | S255 plus 24% of the excess over $2.550 $9.150 $12.500 | $1.839 plus 35% of the excess over S9.150 $12.500 $3,011 .50 plus 37% of the excess over $12.500 ax Rates for Net Capital Gains and Qualified Dividends Rate Taxable Income Single Trusts and Estates Married Filing Married Filing Head of Household Jointly Separately 0% | so-S77.200 15% | S77.201-$479.000 | $38.601-S239.500 | $38.601 -S425.800 | S51.701-$452.400 | S2.601-SI 2.700 20%! S479.000+ SO-$38,600 SO-$38.600 SO-$51.700 SO $2.600 239.500+ $425,801+ $452.401+ $12.701+ This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital ins and qualified dividends are included in taxable income last for this purpose)
