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Determination of Tax Dawn is a single taxpayer. Her income and expenses for the year is as follows: Income Salary - $69,260 Interest - $611

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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 Maria's adjusted gross income and then her taxable income. Requirement C. Compute Maria's tax liability. (Use the 2020 tax rate schedule below for all tax calculations. Do not round any intermediary calculations. Round your final tax liability to the nearest whole dollar.) \begin{tabular}{|c|c|} \hline If Taxable Income Is Between: & Individual Taxpayers \\ \hline 0$9,875 & 10% of taxable income \\ \hline$9,876$40,125 & $987.50+12% of the amount over $9,875 \\ \hline$40,126$85,525 & $4,617.50+22% of the amount over $40,125 \\ \hline$85,526$163,300 & $14,605.50+24% of the amount over $85,525 \\ \hline$163,301$207,350 & $33,271.50+32% of the amount over $163,300 \\ \hline$207,351$518,400 & $47,367.50+35% of the amount over $207,350 \\ \hline$518,400 & $156,235+37% of the amount over $518,400 \\ \hline \end{tabular}

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