The entity reports the following transactions for the 2022 tax year. The trustee accumulates all accounting income for the year. Operating income from a business Dividend income, all from U.S. corporations (20% tax rate) Interest income, City of San Antonio bonds Trustee fees, deductible portion Net rental losses, passive activity $805,000 48,300 6,440,000 (24,150) (161,000) Click here to access tax table for this problem. Carryout the tax computations to two decimal places and round the final tax liability to the nearest dollar. Compute the Federal income tax liability for the Valerio Trust by providing the following amounts: The amount of the trustee's gross income taxed at 20% for the Valerio Trust is $ The Trustee taxable income taxed at ordinary rates for the Valerio Trust is $ The Federal income tax liability for the Valerio Trust is $ Income Tax Rates-C Corporations, 2018 and After For all taxable income levels, the tax rate is 21%. Income Tax Rates-Estates and Trusts Tax Year 2021 Taxable Income Over- $ 0 2,650 9,550 13,050 Taxable Income ver- $ 0 2,750 9,850 13,450 But not Over- $ 2,650 9,550 13,050 But not ver- The Tax Is: Tax Year 2022 $ 2,750 9,850 13,450 10% $ 265.00 +24% 1,921.00 + 35% 3,146.00 +37% The Tax Is: 10% $ 275.00 +24% 1,979.00 + 35% 3,239.00 +37% Of the Amount Over- $ 0 2,650 9,550 13,050 Of the Amount ver- $ 0 2,750 9,850 13,450