What is the tax liability for a taxpayer who is married filing jointly with taxable income of $67,500, that includes a taxable qualified dividend of $1,000? All answers should be rounded to the nearest dollar.

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The tax liability is calculated by applying the tax rates to ordinary income and qualified dividends separately. For 2023, the 10% and 12% tax brackets apply to ordinary income up to $89,450 for married filing jointly. The qualified dividends are taxed at 0% up to $89,250. Therefore, the ordinary income tax is calculated on $66,500 ($67,500 - $1,000) and the qualified dividend is taxed at 0%. The total tax liability is $9,056.

What Is the Tax Liability for a Taxpayer Who Is