Question: i need typed answer with proper explanation. Determine the amount of tax liability in the following situations. In all cases, the taxpayer is using the
i need typed answer with proper explanation.
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 Tables for taxpayers with taxable income under $100,000 and the Tax Rate Schedules for those with taxable income above $100,000. Required: Taxable income of $63,369 that includes a qualified dividend of $605. Taxable income of $13,562 that includes a qualified dividend of $365. Taxable income of $152,400 that includes a qualified dividend of $4,570. Note: Round your intermediate computations to 2 decimal places and final answer to the nearest whole dollar amount.
Taxable income of $44,267 that includes a qualified dividend of $1,175. Taxable income of $280,429 that includes a qualified dividend of $17,681. Note: Round your intermediate computations to 2 decimal places and final answer to the nearest whole dollar amount.
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