! Required information (The following information applies to the questions displayed below.] In 2021, Carson...
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! Required information (The following information applies to the questions displayed below.] In 2021, Carson is claimed as a dependent on his parents' tax return. His parents report taxable income of $200,000 (married filing jointly). Carson's parents provided most of his support. What is Carson's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. b. Carson is 23 years old at year-end. He is a full-time student and earned $14,000 from his summer internship and part- time job. He also received $5,000 of qualified dividend income. Tax liability $ 565
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