Determine the amount of tax liability in the following situations. In all cases, the taxpayer is using

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.
a. Taxable income of $62,449 that includes income of $560.
b. Taxable income of $12,932 that includes income of $322.
c. Taxable income of $144,290 that includes income of $4,384.
d. Taxable income of $43,297 that includes income of $971.
e. Taxable income of $262,403 that includes income of $12,396.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...