In 2023, Sheryl is claimed as a dependent on her parents’ tax return. Her parents report taxable income of $600,000 (married filing jointly). Sheryl did not provide more than half her own support. What is Sheryl’s tax liability for the year in each of the following alternative circumstances?

1. In 2023, Sheryl is claimed as a dependent on her parents’ tax return. Her parents report taxable income of $600,000 (married filing jointly). Sheryl did not provide more than half her own support.

What is Sheryl’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. a. She received $7,200 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 16 years old at year-end. What is her tax liability? b. She received $7,200 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 20 years old at year-end and is a full-time student> What is her tax liability? c. She received $7,200 of qualified dividend income. This is her only source of income. She is 16 years old at year-end. What is her tax liability? 2. In 2023, Sven is single and has $134,000 of regular taxable income. He itemizes his deductions as follows: real property tax of $2,700, state income tax of $4,700, and mortgage interest expense of $18,500 (acquisition debt of $300,000). He also has a positive AMT depreciation adjustment of $1,900. a. Complete Form 6251 (through line 4) for Steven – Note: Visit the IRS website and download Form 6251. Enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking “Browse.” Next, click “Save.” Use 2023 tax rules regardless of the year on the form. 3. Eva received $65,000 in compensation payments from JAZZ Corporation during 2023. Eva incurred $7,000 in business expenses relating to her work for JAZZ Corporation JAZZ did not reimburse Eva for any of these expenses. Eva is single and deducts a standard deduction of $13,850. a. Assume that Eva is considered to be a self-employed contractor. What is her regular tax liability for the year? * all questions use 2023 tax rules

Requirements: as long as needed