Part II. Problems (2 problems worth 20 points total) 1. (10 points) Mackenzie is 54 years old and files as a head of household during 2019 since she provides full support for her elderly father who lives in a nursing home throughout the year. She has the following tax information for 2019: - Salary income... ........ $300,000 Interest income .......... ..... 45,000 Qualified dividend income.. ..... 62,000 - Capital gain on sale of investment land held 12 years ........... 139,700 - Capital loss on sale of stock held 8 years. .......(35,000) - Itemized expenses ..... 16,800 Compute Mackenzie's regular taxable income and her regular tax liability for 2019 using the applicable tax rates for her ordinary income and alternative rates for other qualifying income. Ignore the net investment income tax. Part II. Problems (2 problems worth 20 points total) 1. (10 points) Mackenzie is 54 years old and files as a head of household during 2019 since she provides full support for her elderly father who lives in a nursing home throughout the year. She has the following tax information for 2019: - Salary income... ........ $300,000 Interest income .......... ..... 45,000 Qualified dividend income.. ..... 62,000 - Capital gain on sale of investment land held 12 years ........... 139,700 - Capital loss on sale of stock held 8 years. .......(35,000) - Itemized expenses ..... 16,800 Compute Mackenzie's regular taxable income and her regular tax liability for 2019 using the applicable tax rates for her ordinary income and alternative rates for other qualifying income. Ignore the net investment income tax