Gail is a wealthy widow whose husband died last year. Her dependent daughter lives with her for the entire year. Gail has interest income totaling $ 245,000 and she pays property taxes and home mortgage interest totaling $ 30,000.

Requirement a. What filing status applies to

GailGail?

GailGail

meets

the requirements of a surviving spouse. Thus, she will use the

married filing joint/surviving spouse

rate schedule.

Requirement b. Compute her taxable income and gross tax.

Begin by computing

GailGail's

taxable income.

Minus:
Taxable income