Required information [The following information applies to the questions displayed below.) In 2020, Carson is claimed as a dependent on his parents' tax return. His parents report taxable income of $200,000 (married filing jointly). 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 for reference. b. Carson is 23 years old at year-end. He is a full-time student and earned $15,800 from his summer internship and part-time job. He also received $6,800 of qualified dividend income. (Do not round intermediate calculations. Round your final answer to 1 decimal place.) X Answer is complete but not entirely correct. Tax liability $ 730.0 2020 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9.875 10% of taxable income $ 9.875 $ 40,125 $987.50 plus 12% of the excess over $9.875 $ 40.125 $ 85.525 $4,617.50 plus 22% of the excess over $40,125 $ 85.525 $163.300 $14,605.50 plus 24% of the excess over $85,525 $163.300 $207,350 $33,271.50 plus 32% of the excess over $163,300 $207,350 $518.400 $47,367.50 plus 35% of the excess over $207,350 $518.400 $156,235 plus 37% of the excess over $518,400 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19.750 10% of taxable income $ 19.750 $ 80.250 $1.975 plus 12% of the excess over $19.750 S 80.250 $171,050 $9.235 plus 22% of the excess over $80.250 $171.050 $326.600 $29.211 plus 24% of the excess over $171,050 $326,600 $414.700 66,543 plus 32% of the excess over $326-600 $414.700 $622.050 $94.735 plus 35 of the excess over $414.700 $622.050 $167.307.50 plus 37. of the excess over $622.050 Schedule Z-Head of Household If taxable income is over: But not over: S 0 $ 17.100 $ 14.100 $ 53.700 $ 53,700 S 85,500 S 85,500 $163,300 $163.300 $207,350 $207,350 $518.400 $518.400 The tax is: 10% of taxable income $1,410 plus 12 of the excess over S14,100 S6,162 plus 22% of the excess over $53.700 S13,158 plus 24% of the excess over $85,500 $31.830 plus 32% of the excess over $163,300 $45,926 plus 35o of the excess over $207.350 S154,793.50 plus 370 of the excess over $518.400 Tax Rates for Net Capital Gains and Qualified Dividends Taxable Income Rate* Married Filing Jointly Married Filing Separately Single Head of Household Trusts and Estates 0% $0-$80.000 $0-$40.000 SO - $40.000 $0 - $53,600 SO - $2.650 15% $80.001 - $496,600 $40.001 - $248.300 $40.001 - $441.450 $53,601 - $469,050 S2.651 - $13.150 20% $496.601+ $248,301+ $441,451+ $469.051+ $13.151+ *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 gains and qualified dividends are included in for this purpose)