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Sagot :
Carson's tax liability for 2021 as a 23-year full-time student, who earns from the summer internship and part-time job and receives a qualified dividend is $645.
What is tax liability?
Tax liability refers to the amount that a taxpayer is obliged to pay.
The tax liability is a function of the taxpayer's taxable income, tax bracket, deductions, and applicable tax rate.
In this case, we have assumed a flat tax rate of 10% for both Carlson's earned income and the dividend income.
Data and Calculations:
Earned income = $14,000
Qualified Dividend income = $5,000
Adjusted taxable income = $6,450 ($19,000 - $12,550)
Tax liability = $645 ($6,450 x 10%)
Thus, Carson's tax liability for 2021 is $645.
Learn more about tax liabilities at https://brainly.com/question/7409145
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