Tarik,a single taxpayer,has AGI of $55,000 which includes $1,000 of qualified dividends.Tarik has $7,000 of itemized deductions.What is his 2017 federal income tax?

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B)
 11ea7cb8_54ac_5c90_928c_e3cc767dd4a3_TB1258_00 The calculation of the tax is split between the tax on the qualifying dividends and the balance of the taxable income.The tax on the dividend income of $1,000 is $150 ($1,000 × .15).The tax on the $42,950 balance of taxable income is .25(42,950 - 37,950)+ $5,226.25 = $6,476 rounded.The total tax liability is $6,476 + 150 = $6,626.

Tarik,a Single Taxpayer,has AGI of $55,000 Which Includes $1,000 of Qualified