Required information The following information applies to the questions displayed below.] Lacy is a single taxpayer. In 2018, her taxable income is $43,200. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. Her $43,200 of taxable income includes $9,600 of qualified dividends. Tax liability Individuals Schedule X-Single If taxable income is over: But not over: The tax is: 9,525 | 10% of taxable income 0 $ 9,525 $ 38,700 | $952.50 plus 12% of the excess over $9,525 $ 38,700 $ 82,500 | $4,453.50 plus 22% of the excess over $38,700 | $14,089.50 plus 24% of the excess over $82,500 $ 82,500 $157,500 $157,500 $200,000 | $32,089.50 plus 32% of the excess over $157,500 $500,000 | $45,689.50 plus 35% of the excess over $200,000 $200,000 $500,000 $150,689.50 plus 37% of the excess over $500,000 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: 0 $ 19,050 | 10% of taxable income $ 19,050 $ 77,400 | $1905 plus 12% of the excess over $19,050 $ 77,400 $165,000 | $8907 plus 22% of the excess over $77,400 $165,000 $315,000 | $28,179 plus 24% of the excess over $165,000 $315,000 $400,000 | $64,179 plus 32% of the excess over $315,000 $400,000 $600,000 | $91,379 plus 35% of the excess over $400,000 $600,000 $161,379 plus 37% of the excess over $600,000 lax Rates for Net Capital Gains and Qualified Dividends Taxable Income Single Rate*Married Filing Jointly Married Filing Separately Head of Household Trusts and Estates SO $77 200 SO $38,600 SO $38,600 0% SO S51,700 SO - $2,600 $77,201 -$479,000 $51,701 $452.400 15% $38.601 -$239,50O S38,601 - $425,800 $2.601 - $12.700 $479,000+ $239.5001+ $452,401-+ $12.701+ 20% $425,801+ *This rate applies to the net capital gains and qualified dividends that fall within the range of iaxable income specified in the table (net capital gains and qualified dividends are included in taxable income last for this purpose) Estates and Trusts If taxable income is But not The tax is: over: over: $ 2,550 | 10% of taxable income | $255 plus 24% of the excess over $ 9,150 $ 2,550 $2,550 | $1.839 plus 35% of the excess over $12,500 $ 9,150 $9,150 $12,500 $3.01 1 .50 plus 37% of the excess over $12.500