Carol Martin s spouse died in the previous tax year. Carol is 3 8 years old,
Question:
Carol Martins spouse died in the previous tax year. Carol is years old, and she has three girls, Marcia, Jan, and Cindy. The three girls her daughters live with Carol for more than half the year. Marcia is Jan who is legally blind is and Cindy is The girls do not provide over half of their own support.
a What filing status should Carol use?
b How many dependents will she claim on her tax return? List her qualifying dependents.
c How much is Carols standard deduction assume she cannot itemize, and her deduction is not phased out
d If Carols AGI is $ what is her total tax before any credits?
e What is Carols marginal tax rate? Effective tax rate? Average tax rate?
a Filing status
b # of dependents QC or QR for each name
c Standard deduction
d Tax Liability
e Marginal Tax Rate
Effective Tax Rate
Average Tax Rate
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill