Dividends and capital gains tax rates

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Lacy is a single taxpayer. In 2022, her taxable income is $44,400. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference.

Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

Required:

  1. All of her income is salary from her employer.
  2. Her $44,400 of taxable income includes $1,400 of qualified dividends.
  3. Her $44,400 of taxable income includes $5,400 of qualified dividends.

Reference no: EM133266905

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