Question

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In 2019, Carson is claimed as a dependent on his parents' tax return. 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, Estates and Trusts for reference.

b. Carson is 23 years old at year-end. He is a full-time student and earned $14,375 from his summer internship and part-time job. He also received $5,790 of qualified dividend income. (Do not round intermediate calculations. Round your final answer to 1 decimal place.)

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

Estates and Trusts

If taxable income is over:	But not over:	The tax is:
$ 0	$ 2,600	10% of taxable income
$ 2,600	$ 9,300	$260 plus 24% of the excess over $2,600
$ 9,300	$12,750	$1,868 plus 35% of the excess over $9,300
$12,750		$3,075.50 plus 37% of the excess over $12,750

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 - $78,750	$0 - $39,375	$0 - $39,375	$0 - $52,750	$0 - $2,650
15%	$78,751 - $488,850	$39,376 - $244,425	$39,376 - $434,550	$52,751 - $461,700	$2,651 - $12,950
20%	$488,851+	$244,426+	$434,551+	$461,701+	$12,951+

Answer 1

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