McGraw-Hill's Taxation of Individuals 3rd Edition by Brian Spilker,Benjamin Ayers,John Robinson,Edmund Outslay ,Ronald Worsham,John Barrick,Connie Weaver

Exercise 28

In 2011, Sheryl is claimed as a dependent on her parent's tax return.Her parents' ordinary income marginal tax rate is 35%.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
a.She received $7,000 from a part-time job.This was her only source of income.She is 16 years old at year-end.
b.She received $7,000 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.
c.She received $7,000 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.
d.She received $7,000 of qualified dividend income.This is her only source of income.She is 16 years old at year end.