Lacy is a single taxpayer. In 2022, her taxable income is $45,600. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Required:
All of her income is salary from her employer.
Her $45,600 of taxable income includes $2,600 of qualified dividends.
Her $45,600 of taxable income includes $6,600 of qualified dividends.
2022 Tax Rate Schedules
Individuals
Schedule X-Single
If taxable income is over: But not over: The tax is:
$ 0 $ 10,275 10% of taxable income
$ 10,275 $ 41,775 $1,027.50 plus 12% of the excess over $10,275
$ 41,775 $ 89,075 $4,807.50 plus 22% of the excess over $41,775
$ 89,075 $ 170,050 $15,213.50 plus 24% of the excess over $89,075
$ 170,050 $ 215,950 $34,647.50 plus 32% of the excess over $170,050
$ 215,950 $ 539,900 $49,335.50 plus 35% of the excess over $215,950
$ 539,900 — $162,718 plus 37% of the excess over $539,900
Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)
If taxable income is over: But not over: The tax is:
$ 0 $ 20,550 10% of taxable income
$ 20,550 $ 83,550 $2,055 plus 12% of the excess over $20,550
$ 83,550 $ 178,150 $9,615 plus 22% of the excess over $83,550
$ 178,150 $ 340,100 $30,427 plus 24% of the excess over $178,150
$ 340,100 $ 431,900 $69,295 plus 32% of the excess over $340,100
$ 431,900 $ 647,850 $98,671 plus 35% of the excess over $431,900
$ 647,850 — $174,253.50 plus 37% of the excess over $647,850
Schedule Z-Head of Household
If taxable income is over: But not over: The tax is:
$ 0 $ 14,650 10% of taxable income
$ 14,650 $ 55,900 $1,465 plus 12% of the excess over $14,650
$ 55,900 $ 89,050 $6,415 plus 22% of the excess over $55,900
$ 89,050 $ 170,050 $13,708 plus 24% of the excess over $89,050
$ 170,050 $ 215,950 $33,148 plus 32% of the excess over $170,050
$ 215,950 $ 539,900 $47,836 plus 35% of the excess over $215,950
$ 539,900 — $161,218.50 plus 37% of the excess over $539,900
Schedule Y-2-Married Filing Separately
If taxable income is over: But not over: The tax is:
$ 0 $ 10,275 10% of taxable income
$ 10,275 $ 41,775 $1,027.50 plus 12% of the excess over $10,275
$ 41,775 $ 89,075 $4,807.50 plus 22% of the excess over $41,775
$ 89,075 $ 170,050 $15,213.50 plus 24% of the excess over $89,075
$ 170,050 $ 215,950 $34,647.50 plus 32% of the excess over $170,050
$ 215,950 $ 323,925 $49,335.50 plus 35% of the excess over $215,950
$ 323,925 — $87,126.75 plus 37% of the excess over $323,925
Tax Rates for Net Capital Gains and Qualified Dividends
Rate* Taxable Income
Married Filing Jointly Married Filing Separately Single Head of Household Trusts and Estates
0% $0 - $83,350 $0 - $41,675 $0 - $41,675 $0 - $55,800 $0 - $2,800
15% $83,351 - $517,200 $41,676 - $258,600 $41,676 - $459,750 $55,801 - $488,500 $2,801 - $13,700
20% $517,201+ $258,601+ $459,751+ $488,501+ $13,701+*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 dividends are included in taxable income last for this purpose).