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
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 Tablesfor taxpayers with taxable income under $100,000 and the Tax Rate Schedulesfor those with taxable income above $100,000.
Required:
- Taxable income of $62,449 that includes a qualified dividend of $560.
- answer 7,014
- Taxable income of $12,932 that includes a qualified dividend of $322.
- answer 1263
3. Taxable income of $144,290 that includes a qualified dividend of $4,384.
Note: Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.
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4. Taxable income of $43,297 that includes a qualified dividend of $971.
Answer 4668
5. Taxable income of $262,403 that includes a qualified dividend of $12,396.
Note: Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.
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i need help with question 3 and 5
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