1.Tarik, a single taxpayer, has AGI of $55,000 which includes $1,000 of qualified dividends. Tarik...

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Accounting

1.Tarik, a single taxpayer, has AGI of $55,000 which includes $1,000 of qualified dividends. Tarik does not of itemize deductions. What is his 2021 federal income tax?

A) $5,088

B) $5,018

C) $7,779

D) None of the above

Explain your answer:

2.Derek, a single taxpayer, has AGI of $55,550 which includes $5,000 of qualified dividends. Derek does not itemize deductions. What is his 2021 federal income tax?

A) $4,361

B) $4,751

C) $5,209

D) None of the above

Explain your answer:

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