Determine the amount of tax liability

Reference no: EM133650424

Question

Determine the amount of tax liability in the following situations. In all cases, the taxpayer is using the filing status of married filing jointly. Use the Tax Tables for taxpayers with taxable income under $100,000 and the Tax Rate Schedules for those with taxable income above $100,000.

Taxable income of $62,699 that includes a qualified dividend of $780.

Taxable income of $13,002 that includes a qualified dividend of $333.

Taxable income of $147,300 that includes a qualified dividend of $4,875.

Taxable income of $43,557 that includes a qualified dividend of $1,145.

Taxable income of $274,956 that includes a qualified dividend of $21,280.

Reference no: EM133650424

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