Lacy is a single taxpayer. In 2013, her taxable income is $38,000. What is her t
ID: 2704104 • Letter: L
Question
Lacy is a single taxpayer. In 2013, her taxable income is $38,000. What is her tax liability in each of the following alternative situations? Use Tax rate schedule for reference. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
All of her income is salary from her employer.
Her $38,000 of taxable income includes $1,000 of qualified dividends.
Her $38,000 of taxable income includes $5,000 of qualified dividends.
Lacy is a single taxpayer. In 2013, her taxable income is $38,000. What is her tax liability in each of the following alternative situations? Use Tax rate schedule for reference. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Lacy is a single taxpayer. In 2013, her taxable income is $38,000. What is her tax liability in each of the following alternative situations? Use Tax rate schedule for reference. (Do not round intermediate calculations. Round your answer to 2 decimal places.) All of her income is salary from her employer. Her $38,000 of taxable income includes $1,000 of qualified dividends. Her $38,000 of taxable income includes $5,000 of qualified dividends.Explanation / Answer
b.
Her $38,000 of taxable income includes $1,000 of qualified dividends.
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