[The following information applies to the questions displayed below.) Lacy is a single taxpayer. In 2021, her taxable income is $42,600. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Problem 8-50 Part-b (Algo) b. Her $42,600 of taxable income includes $1,600 of qualified dividends. Tax liability Tax Rates for Net Capital Gains and Qualified Dividende Taxable income RA Married Filing Jelally Married in Separately Single Head of Household Trusts and Estate 10. DO 30-540 400 50 $40,400 90-554,100 $0-$2,700 155 -55010 SA 015250.800 500.0015445850 354,101 - 473.750 $2.201-S13.250 03 SSOL 1 $250 801 $445XSI: 473.751 $13.251 This will and qualified that all within the area of income in the benet capital gains and qualified dividends are included in the income for this purpose) Schedule X-Single If taxable income is over:But not over: The tax is: $ 0 $9.950 10% of taxable income $ 9,950 $ 40,525 $995 plus 12% of the excess over $9.950 $ 40,525 $ 86,375 $4,664 plus 22% of the excess over $40.525 $ 86,375 $164.925 $14.751 plus 24% of the excess over $86,375 $ 164.925 $ 209,425 $33.603 plus 32% of the excess over $164.925 $ 209,425 $ 523,600 $47,843 plus 35% of the excess over $209.425 $ 523,600 $157,804.25 plus 37% of the excess over $523,600 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over:But not over: The tax is: $ 0 $ 19,900 10% of taxable income $ 19,900 $ 81,050 $1.990 plus 12% of the excess over $19,900 $ 81,050 $ 172.750 $9,328 plus 22% of the excess over $81,050 $ 172.750 $ 329,850 $29,502 plus 24% of the excess over $172,750 $ 329,850 $ 418,850 $67,206 plus 32% of the excess over $329,850 $ 418,850 $ 628,300 $95,686 plus 35% of the excess over $418,850 S 628,300 $168.993.50 plus 37% of the excess over $628,300 chedule Z-Head of Household taxable income is over: But not over: The tax is: $ 0 $ 14,200 10% of taxable income $ 14,200 $ 54,200 $1,420 plus 12% of the excess over $14,200 $ 54,200 $ 86,350 $6,220 plus 22% of the excess over $54,20 $ 86,350 $ 164,900 $13,293 plus 24% of the excess over $86,350 $ 164,900 $ 209,400 $32,145 plus 32% of the excess over $164,900 $ 209,400 $ 523,600 $46,385 plus 35% of the excess over $209,400 $ 523,600 $156,355 plus 37% of the excess over $523,600 hedule Y-2-Married Filing Separately taxable income is over:But not over: The tax is: $ 0 $ 9,950 10% of taxable income $ 9.950 $ 40,525 $995 plus 12% of the excess over $ 9.950 $ 40,525 $ 86,375 $4,664 plus 22% of the excess over $40,525 $ 86,375 $ 164.925 $14.751 plus 24% of the excess over $86,375 $164.925 $ 209.425 $33,603 plus 32% of the excess over $164.925 $ 209,425 $ 314,150 $47,843 plus 35% of the excess over $209,425 $ 314,150 $84,496.75 plus 37% of the excess over $314.150 [The following information applies to the questions displayed below.) Lacy is a single taxpayer. In 2021, her taxable income is $42,600. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule. Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Problem 8-50 Part-c (Algo) c. Her $42,600 of taxable income includes $5,600 of qualified dividends. Tax liability