Return to question 1 Required Information [The following information applies to the questions displayed below) Lacy is a single taxpayer. In 2019, her taxable income is $40,000. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule. Dividends and Capital Gains Tax Rates for reference. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Part 1 of 3 10 points a. All of her income is salary from her employer. Answer is complete but not entirely correct. Tax liability $ 4,621.75 ezto-cf-n Connect d21 hec - Google Search 2019 Tax Rate Schedules - Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,700 10% of taxable income $ 9,700 $ 39,475 $970 plus 12% of the excess over $9,700 $ 39,475 $ 84,200 $4,543 plus 22% of the excess over $39,475 $ 84,200 $160,725 $14,382.50 plus 24% of the excess over $84,200 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 $204,100 $510,300 $46,628 50 plus 35% of the excess over $204,100 $510,300 $153,798 50 plus 37% of the excess over $510,300 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19,400 10% of taxable income $ 19,400 $ 78,950 $1,940 plus 12% of the excess over $19,400 $ 78,950 $168,400 $9,086 plus 22% of the excess over $78,950 $168,400 $321,450 $28,765 plus 24% of the excess over $168.400 $321,450 $408,200 $65,497 plus 32% of the excess over $321,450 $408,200 $612,350 $93,257 plus 35% of the excess over $408,200 $612,350 $164,709.50 plus 37% of the excess over $612,350 Schedule Z-Head of Household If taxable income is over: But not over: The tax is: $ 0 $ 13,850 10% of taxable income $ 13,850 $ 52,850 $1,385 plus 12% of the excess over $13,850 $ 52,850 $ 84,200 $6,065 plus 22% of the excess over $52,850 Documentation.com/Media Connect Tex Rates for Net Capital Gains and Qualified Dividends Thexable income Rate Married Flling Jointly Married Filing Separately Single Head of Household Trusts and Estates 0% 50 - $78,750 50 - 539,375 50 - $39,375 $0-$52,750 SO - $2,650 15% $78,751 - $488,850 $39,376 - $244 425 $39,376 - S434,550 $52,751 - $461,700 $2,651 - $12,950 20% $488,851+ $244.426 $434,551+ $461,701 $12.951+ This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified divide income last for this purpose)