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Beth is anticipating significant changes in her life in 2017, and she has asked you to estimate her taxable income and tax liability for that

Beth is anticipating significant changes in her life in 2017, and she has asked you to estimate her taxable income and tax liability for that year. She just received word that she has been qualified to adopt a 2-year-old daughter. Beth expects that the adoption will be finalized in 2017 and that she will incur approximately $2,000 of adoption expenses. In addition, she expects to incur approximately $3,500 of child and dependent care expenses relating to the care of her new daughter, which will enable her to keep her job at Mesa Manufacturing. However, with the additional demands on her time because of her daughter, she has decided to discontinue her two part-time jobs (i.e., the part-time tax practice and her software business), and she will cease making estimated income tax payments. In your computations, assume that all other income and expenditures will remain at approximately the same levels as in 2016. Use the 2016 tax rate schedules. The exemption amount for 2017 is $4,050. For 2017, determine the following for Beth: Filing status: Head of Household Total gross income: $ Adjusted gross income: $ Total itemized deductions:$ Taxable income: $ Total tax credits: $ Net tax liability (after credits but before any tax payments): $3,780

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