Question
Elizabeth is not married but has two dependent children who live with her and attend SDSU as full time. Elizabeth has itemized deduction totaling $7,250.
Elizabeth is not married but has two dependent children who live with her and attend SDSU as full time. Elizabeth has itemized deduction totaling $7,250. During 2015. Elizabeth received a salary of $70,000. A gift from her mother of $20,000 and a $5000 lottery prize. Elizabeth fedral income tax liability is (use 2015 rate).
A. 7925
B. 8162
C.8090
D.7760
please show your answer brefiely.
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THIRD PARTY RISK MANAGEMENT An Essential Guide To Best Practices Including Common Interview Questions And Their Expert Answers
Authors: Akingbade Akinfenwa
1st Edition
1649537417, 978-1649537416
