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Required information (The following information applies to the questions displayed below.) In 2019, Sheryl is claimed as a dependent on her parents' tax return. Sheryl

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Required information (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. ed 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.) b. She received $5,500 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. Note: apply the kiddie tax rules as explained in the text book (using trust and estate tax rates). Tax liability $ 850 X

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