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12. Misti purchased a residence this year. Misti, age 32, is a single parent and lives with her 1-year-old daughter. This year, Misti received

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12. Misti purchased a residence this year. Misti, age 32, is a single parent and lives with her 1-year-old daughter. This year, Misti received a salary of $160,000 and made following payments: Home mortgage interest ($500,000 acquisition debt) Real estate taxes State income taxes paid Income tax preparation fee Charitable contributions (cash to their church) $15,000 1,525 1,340 2,250 120 Misti files as a head of household. What is Misti's taxable income this year? a. $139,765 b. $140,600 del c. $142,015 d. $147,050 ognadora 12 ho Marginal tax Effective tax verage tax rate o lo a

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