Hayley recently invested $45,000 in a public utility stock paying a 4 percent annual dividend. (Hayley's marginal income tax rate is 32 percent.) Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. Required: a. If Hayley reinvests the annual dividend she receives net of any taxes owed on the dividend, how much will her investment be worth in six years if the dividends paid are qualified dividends? b. What will her investment be worth in six years if the dividends are nonqualified? (For all requirements, do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) a. Investment worth when dividends are qualified b. Investment worth when dividends are nonqualified Tax Rates for Net Capital Gains and Qualified Dividends Rate 0% Married Filing Jointly SO - $80.800 $80,801 - 5501,600 $501601+ Married Filing Separately SO - $40.400 $40,401 - $250.800 $250.801+ Thexable income Single $0-$40 400 $40.401 - $445.850 $445,851 Head of Household 50 $54,100 $54,101.5473.750 5473.751. Trusts and Estates SO - $2,700 $2.701 - 513.250 $13251 15% 20% *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified dividends are included in taxable income last for this purpose). 2021 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: S 0 $9.950 10% of taxable income $9.950 $ 40.525 3995 plus 12% of the excess over $9.950 $ 40,525 $ 86,375 $4,664 plus 22% of the excess over $40 525 S 86,375 $164.925 $14.751 plus 249 of the excess over 586 375 $164.925 $ 209 425 $33,603 plus 32% of the excess over $164.925 $ 209 425 $ 523.600 547 843 plus 35% of the excess over $209,425 $ 523.600 5157 80425 plus 37% of the excess over $523,600 Schedule Y-1. Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19.900 10% of taxable income $ 19.900 $ 81.050 $1.990 plus 12% of the excess over $19.900 S 81.050 $ 172,750 59.328 plus 22% of the excess over $81.050 $ 172.750 $ 329,850 $29.502 plus 24of the excess over $172.750 $ 329 850 $ 418,850 567 206 plus 325% of the excess over $329,850 $ 418.850 5 628,300 95.686 plus 35% of the excess over S418.850 $ 628,300 $168.993.50 plus 37 of the excess over 5628,300 Schedule Z-Head of Household Ir taxable income is over: But not over: The taxis 5 0 $ 14,200 10% of taxable income $ 14,200 S 54,200 $1.420 plus 12% of the excess over $14,200 $ 54,200 $ 86,350 $6.220 plus 225 of the excess over $54,200 S 86,350 $164.900 $13,293 plus 24% of the excess over 586 350 $164.900 S 209 400 $32.145 plus 32 of the excess over $164.900 $ 209 400 S523600 $46,385 plus 35% of the excess over $209.400 $ 523.600 $156 355 plus 37 of the excess over 5523,600 Schedule Y-2-Married Filing Separately Juf taxable income is over: But not over The taxis 5 $9.950 10% of taxable income $9.950 S40.525 5995 plus 12% of the excess over $9.950 $40.525 $ 86,375 54464 plus 22% of the excess over $10.525 5 86,375 $164.925 516251 plus 24% of the Cover $86,375 $164.925 $ 209 A25 $33.603 plus 32 of the excess over $164.925 5 209.425 $314.150 547 843 plus 35% of the excess over $209,425 5314.150 584496.75 plus 376 of the excess over $314.150