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[The following information applies to the questions displayed below.] In 2018, Carson is claimed as a dependent on his parent's tax return. Carson's parents provided
[The following information applies to the questions displayed below.] In 2018, Carson is claimed as a dependent on his parent's 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. (Round your final answer to the nearest whole dollar amount.) a. Carson is 17 years old at year-end and earned $15,125 from his summer job and part-time job after school. This was his only source of income. Tax liability Required information [The following information applies to the questions displayed below. In 2018, Carson is claimed as a dependent on his parent's 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. (Round your final answer to the nearest whole dollar amount.) roheest whole dollar b. Carson is 23 years old at year-end. He is a full-time student and earned $15,125 from his summer internship and part-time job. He also received $6,060 of qualified dividend income. Tax liability Estates and Trusts If taxable income is But notThe tax is: over: over: $ 2,550 | 10% of taxable income 0 | $255 plus 24% of the excess over $ 9,150 $ 2.550 $2.550 $ 9,150 $12.500 $1.839 plus 35% of the excess over $9,150 $3,01 1.50 plus 37% of the excess over $12,500 $12,500
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