Lacy is a single taxpayer. In 2016, her taxable income is $40,000. What is her tax liability
Question:
Lacy is a single taxpayer. In 2016, her taxable income is $40,000. What is her tax liability in each of the following alternative situations?
a) All of her income is salary from her employer.
b) Her $40,000 of taxable income includes $1,000 of qualified dividends.
c) Her $40,000 of taxable income includes $5,000 of qualified dividends.
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Related Book For 
McGraw-Hill's Taxation Of Individuals
ISBN: 9781259729027
2017 Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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