Required information [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. b. Carson is 23 years old at year-end. He is a full-time student and earned $14,450 from his summer internship and part-time job. He also received $5,700 of qualified dividend income. (Do not round intermediate calculations. Round your final answer to 1 decimal place.) Tax liability 2019 Tax Rate Schedules Individuals Schedule X-Single Schedule Z-Head of Household The tax is: But not over: The tax is: If taxable income But not over: is over: If taxable income is over: $ 0 $ 9,700 10% of taxable income $ 0 $ 13,850 10% of taxable income $ 9,700 S 39,475 $ 13,850 $ 52,850 970 plus 12% of the excess over $9,700 $1,385 plus 12% of the excess over $13,850 S 39,475 S $4,200 $ 52,850 S $4,200 $4,543 plus 22% of the excess over $39,475 $6,065 plus 22% of the excess over S52.550 $ 54,200 $160,725 $ 54,200 $160,700 S14,382.50 plus 24% of the excess over S84,200 $12,962 plus 24% of the excess over $S4,200 $160.725 S204,100 $160,700 S204,100 $32,748.50 plus 32% of the excess over $160,725 $31,322 plus 32% of the excess over $160,700 S204,100 S510,300 $204,100 S510,300 $46.628.50 plus 35% of the excess over S204,100 $45,210 plus 35% of the excess over S204,100 S510,300 $510,300 $153,793.50 plus 37% of the excess over S510.300 $152,380 plus 37% of the excess over S510,300 Schedule Y-2-Married Flling Separately Schedule Y-1-Married Flling Jointly or Qualifying Widow(er) The tax is: The tax is: If taxable income But not over: is over: If taxable income is But not over: over: $ 0 $ 19,400 10% of taxable income $ 0 $ 9.700 10% of taxable income $ 19,400 $ 9,700 S 39,475 S1,940 plus 12% of the excess over $19,400 $970 plus 12% of the excess over $9,700 S 78.950 $168,400 $ 39,475 S $4,200 $9,086 plus 22% of the excess over $78.950 $4,543 plus 22% of the excess over $39,475 $168.400 S321,450 $ $4,200 S160,725 $28,765 plus 24% of the excess over $168,400 $14,382.50 plus 24% of the excess over SS4,200 $321,450 $408.250 $160,725 S204,100 S65.497 plus 32% of the excess over S321,450 S32,748.50 plus 32% of the excess over S160.725 S403,250 S612,350 S204,100 S306,175 $93,257 plus 35% of the excess over S408,250 $46.628.50 plus 35% of the excess over S204,100 S612,350 $306,175 $164,709.50 plus 37% of the excess over $612,350 SS2,354.75 plus 37% of the excess over S306,175 Tax Rates for Net Capital Gains and Qualified Dividends Rate* Taxable Income Single Head of Married Filing | Married Filing Jointly Separately Trusts and Estates Household 0% $0 - $78,750 $0 - $39,375 $0-$39,375 $0 - $52,750 $0 - $2,650 15% $78,751 - $488,850 $39,376 - $244,425 $39,376 - $434,550 $52,751 - $461,700 $2,651 - $12,950 $461,701+ $12,951+ 20% $488,851+ $244,426+ $434,551+ *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 taxable income last for this purpose). Estates and Trusts But not The tax is: If taxable income is over: over: $ 0 $ 2,600 10% of taxable income $ 2,600 $ 9,300 $260 plus 24% of the excess over $2,600 $ 9,300 $12,750 $1,868 plus 35% of the excess over $9,300 $12,750 $3,075.50 plus 37% of the excess over $12,750 Required information [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. b. Carson is 23 years old at year-end. He is a full-time student and earned $14,450 from his summer internship and part-time job. He also received $5,700 of qualified dividend income. (Do not round intermediate calculations. Round your final answer to 1 decimal place.) Tax liability 2019 Tax Rate Schedules Individuals Schedule X-Single Schedule Z-Head of Household The tax is: But not over: The tax is: If taxable income But not over: is over: If taxable income is over: $ 0 $ 9,700 10% of taxable income $ 0 $ 13,850 10% of taxable income $ 9,700 S 39,475 $ 13,850 $ 52,850 970 plus 12% of the excess over $9,700 $1,385 plus 12% of the excess over $13,850 S 39,475 S $4,200 $ 52,850 S $4,200 $4,543 plus 22% of the excess over $39,475 $6,065 plus 22% of the excess over S52.550 $ 54,200 $160,725 $ 54,200 $160,700 S14,382.50 plus 24% of the excess over S84,200 $12,962 plus 24% of the excess over $S4,200 $160.725 S204,100 $160,700 S204,100 $32,748.50 plus 32% of the excess over $160,725 $31,322 plus 32% of the excess over $160,700 S204,100 S510,300 $204,100 S510,300 $46.628.50 plus 35% of the excess over S204,100 $45,210 plus 35% of the excess over S204,100 S510,300 $510,300 $153,793.50 plus 37% of the excess over S510.300 $152,380 plus 37% of the excess over S510,300 Schedule Y-2-Married Flling Separately Schedule Y-1-Married Flling Jointly or Qualifying Widow(er) The tax is: The tax is: If taxable income But not over: is over: If taxable income is But not over: over: $ 0 $ 19,400 10% of taxable income $ 0 $ 9.700 10% of taxable income $ 19,400 $ 9,700 S 39,475 S1,940 plus 12% of the excess over $19,400 $970 plus 12% of the excess over $9,700 S 78.950 $168,400 $ 39,475 S $4,200 $9,086 plus 22% of the excess over $78.950 $4,543 plus 22% of the excess over $39,475 $168.400 S321,450 $ $4,200 S160,725 $28,765 plus 24% of the excess over $168,400 $14,382.50 plus 24% of the excess over SS4,200 $321,450 $408.250 $160,725 S204,100 S65.497 plus 32% of the excess over S321,450 S32,748.50 plus 32% of the excess over S160.725 S403,250 S612,350 S204,100 S306,175 $93,257 plus 35% of the excess over S408,250 $46.628.50 plus 35% of the excess over S204,100 S612,350 $306,175 $164,709.50 plus 37% of the excess over $612,350 SS2,354.75 plus 37% of the excess over S306,175 Tax Rates for Net Capital Gains and Qualified Dividends Rate* Taxable Income Single Head of Married Filing | Married Filing Jointly Separately Trusts and Estates Household 0% $0 - $78,750 $0 - $39,375 $0-$39,375 $0 - $52,750 $0 - $2,650 15% $78,751 - $488,850 $39,376 - $244,425 $39,376 - $434,550 $52,751 - $461,700 $2,651 - $12,950 $461,701+ $12,951+ 20% $488,851+ $244,426+ $434,551+ *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 taxable income last for this purpose). Estates and Trusts But not The tax is: If taxable income is over: over: $ 0 $ 2,600 10% of taxable income $ 2,600 $ 9,300 $260 plus 24% of the excess over $2,600 $ 9,300 $12,750 $1,868 plus 35% of the excess over $9,300 $12,750 $3,075.50 plus 37% of the excess over $12,750