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Save LE 3 Required information The following information applies to the questions displayed below.) Lacy is a single taxpayer. In 2020, her taxable income is

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Save LE 3 Required information The following information applies to the questions displayed below.) Lacy is a single taxpayer. In 2020, her taxable income is $44.800. 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.) b. Her $44.800 of taxable income includes $3,800 of qualified dividends. Tax liability 5 5,189 Required information [The following information applies to the questions displayed below.) Lacy is a single taxpayer. In 2020, her taxable income is $44,800. 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.) c. Her $44,800 of taxable income includes $7,800 of qualified dividends. (Round your answers to 2 decimal places.) Tax liability 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 $ 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: The tax is: $ 0 $ 14,100 10% of taxable income $ 14,100 $ 53,700 $1,410 plus 12% of the excess over $14,100 $ 53,700 $ 85,500 $6,162 plus 22% of the excess over $53.700 $ 85,500 $163,300 $13,158 plus 24% of the excess over $85,500 $163,300 $207,350 $31,830 plus 32% of the excess over $ 163,300 $207,350 $518,400 $45,926 plus 35% of the excess over $207,350 $518,400 $154,793.50 plus 37% of the excess over $518,400 Tax Rates for Net Capital Gains and Qualified Dividends Rate 0 15% 20% Married Filing Jointly SO $80.000 $80,001 - $496.600 $496,601+ Married Filing Separately 50 S40.000 $40.001 - 5248,300 $248,301+ Taxable income Single $0 $40.000 $40.00 - $441450 $441 451 Head of Household 50-553.600 353 601-S169.050 $469 051 Trusts and Estates 50 - 52.650 52,651 - 513.150 513,1514

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