Determination of Tax

Dawn is a single taxpayer. Her income and expenses for the year is as follows:

Income

Salary $-$ $$69,260$

Interest $-$ $$611$

Short term capital loss $-$ $$5,930$

Expenses

Medical expenses $-$ $$2,000$

Home mortgage interest $-$ $$3,200$

Property Taxes $-$ $$1,400$

Charitable contributions $-$ $$900$

Requirements A$.$ Compute Maria's adjusted gross income

Requirement B$.$ Compute Maria's taxable income.

Start by computing Dawn's adjusted gross income and then her taxable income.

Requirement C$.$ Compute Dawn's tax liability. $($Use the tax rate schedule below for all tax calculations. Do not round any intermediary calculations. Round your final tax liability to the nearest whole dollar.$)$

MARGINAL TAX BRACKETS

SINGLE INDIVIDUALS

$\backslash$table$[[\backslash$table$[[$MARGINAL TAX BRACKETS$],[$SINGLE INDIVIDUALS$]]],[$Taxable Income,Taxes Owed$],[$$$11,000$ or less,$10\%$ of the taxable income$],[$$$11,001$ to $$44,725,$$$1,100$ plus $12\%$ of amount over $$11,000$