1 2 1 AC 371 Chapter 4 Homework Assignment ***Show all work to get credit Pleme submit your answers and all supporting calculations for each question on the 'Homework Calculations' tab in this bicelle, using the upload link provided with the agment posted on Blackboard Mease include your name, your section number, and your CWID at the top of the 'Homework Calculations' tab in this celle Question 1: Tatonis single taxpayer who recognised $125.000 wable income during 2021, of which $7,000 was qualified dividend income Using the tax rate schedules in Appendix Cofthe textbook, calculate lason's 2021 income tax liability estion 1 Ordinay Income Tax Base Ordinary Tax Rate dividends dividends tax 118,000 2500 7,000 Total Tax