Question
Calculate the total 2020 tax liability for a surviving spouse with one dependent child with a gross income of $50,890.00, assuming that the taxpayer
Calculate the total 2020 tax liability for a surviving spouse with one dependent child with a gross income of $50,890.00, assuming that the taxpayer takes the standard deduction. If the dependent child is under the age of 17 and $3,000.00 was withheld from the taxpayer's wages for federal income taxes, what is the amount of the taxpayer's refund or tax due? Assuming the single parent taxpayer's filing status is Married Filing Jointly or Surviving Spouse, the taxpayer's standard deduction for the 2020 tax year is $ (Enter the amount to the nearest cent.) Click the following link for a standard deduction table: .
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
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