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Required information The following information applies to the questions displayed below! In 2020, Sheryl is claimed as a dependent on her parents' tax retum Her
Required information The following information applies to the questions displayed below! In 2020, Sheryl is claimed as a dependent on her parents' tax retum Her parents report taxable income of $500.000 (married filing jointly) 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 Caital Gains x ates for reference (Leave no answer blank. Enter zero if applicable) b. She received $5.600 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 Tax liability Required information The following information applies to the questions displaved below) In 2020, Sheryl is claimed as a dependent on her parents tax return Her parents report taxable income of $500.000 (married filing jointly) 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 circunstances? Use Tate Schedule Dividends and Capital Gain Tax Ruforteference (Leave no answer blank. Enter zero if applicable) c. She received $5500 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 fulltime student Required information The following information applies to the questions disclaved below) In 2020, Sheryl is claimed as a dependent on her parents tax retum Her parents report taxable income of $500.000 {married filing jointly) 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 Bate Schedule Dividends and GST for reference (Leave to answer blonk Enter zero if applicable) d. She received $5600 of aualified dividend income. This is het only source of income. She is 15 years old at veat end (Round your final answer to 2 decimal places.)
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