Question
Caroline is an unmarried single mother of a 14 year old son in 2021. Caroline's spouse and the son's father, Frank, died during 2019. Caroline's
Caroline is an unmarried single mother of a 14 year old son in 2021. Caroline's spouse and the son's father, Frank, died during 2019. Caroline's Adjusted Gross Income for 2021 is 60,000. Caroline's itemized deductions are $9,000. What is Caroline's computed Income Tax Liability for 2021 BEFORE CONSIDERING ANY TAX CREDITS? You will need to consult the tax rate schedules posted in the content section of D2L. Enter your numerical answer under the following format:
Head of household
Tax rate
Taxable income bracket
Tax owed
10%
$0 to $14,200
10% of taxable income
12%
$14,201 to $54,200
$1,420 plus 12% of the amount over $14,200
22%
$54,201 to $86,350
$6,220 plus 22% of the amount over $54,200
24%
$86,351 to $164,900
$13,293 plus 24% of the amount over $86,350
32%
$164,901 to $209,400
$32,145 plus 32% of the amount over $164,900
35%
$209,401 to $523,600
$46,385 plus 35% of the amount over $209,400
37%
$523,601 or more
$156,355 plus 37% of the amount over $523,6
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