Natalie is 8 years old and has been gifted shares of stock in an airline. In 2022, the airline issued a dividend. Natalie has no other sources of income and her parents file Married Filing Jointly with their taxable income presented below.

  

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Excel McGraw Hill Excel Question - Saved ✓ File 325 V Home 4 V Insert Calibri fx Draw Formulas 11 Data Review Kiddie Tax Computation B B v 100,000 $0.18 $0 $498,000 с View Help A v A 7 1. Complete the Kiddie Tax computation 8 2. Complete the Income Tax computation for Natalie. 9 3. Determine the total tax on the dividends 10 11 (HINT: Reference the below data and abbreviated Tax Rates for Qualified Dividends chart in your formulas) 12 13 Number of Shares: 14 Dividends per Share: 15 Natalie's Earned Income: 16 Natalie's Parents' Taxable Income: 17 18 O Search (Alt + Q) D ... E 0% 15% 20% Editing ✓ Merge v $0 $80,801 $501,601 F Married Filing Jointly Bottom Tax Rates for Qualified Dividends Single Currency Top $80,800 $501,600 G Bottom $0 $40,401 $445,851 H Top $40,400 $445,850 $ Excel McGraw Hill Excel Question - Saved ✓ File 325 V Home 4 V Insert Calibri fx Draw Formulas 11 Data Review Kiddie Tax Computation B B v 100,000 $0.18 $0 $498,000 с View Help A v A 7 1. Complete the Kiddie Tax computation 8 2. Complete the Income Tax computation for Natalie. 9 3. Determine the total tax on the dividends 10 11 (HINT: Reference the below data and abbreviated Tax Rates for Qualified Dividends chart in your formulas) 12 13 Number of Shares: 14 Dividends per Share: 15 Natalie's Earned Income: 16 Natalie's Parents' Taxable Income: 17 18 O Search (Alt + Q) D ... E 0% 15% 20% Editing ✓ Merge v $0 $80,801 $501,601 F Married Filing Jointly Bottom Tax Rates for Qualified Dividends Single Currency Top $80,800 $501,600 G Bottom $0 $40,401 $445,851 H Top $40,400 $445,850 $

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