Question
Can someone please help me solve this? Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a gross income
Can someone please help me solve this?
Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a gross income of $47,020, no salary reductions foremployer-provided benefits, and no itemized deductions.
Standard Deduction Amounts
Filing Status
2017
Single
$6,350
Married Filing Jointly or Surviving Spouse
$12,700
Head of Household
$9,350
Married Filing Separately
$6,350
Personal Exemptions in2017: $4,050
Child Tax Credit in2017: $1,000 per child
Assuming the single parenttaxpayer's filing status is Married Filing Jointly or SurvivingSpouse, thetaxpayer's standard deduction for the 2017 tax year is?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
