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In 2019, Julie, a single taxpayer, earned a salary of $65,000. Her allowable deductions for adjusted gross income total $1,200 and she had $13,000 of
In 2019, Julie, a single taxpayer, earned a salary of $65,000. Her allowable deductions for adjusted gross income total $1,200 and she had $13,000 of allowable itemized deductions.
a. Using the 2019 federal tax rate schedule, what is Julies taxable income and income tax liability for 2019?
b. What if instead of using the single filing status, Julies filing status was Head of Household because she had one dependent? Julie will also now qualify for a $1,000 child tax credit. What would Julies taxable income and income tax liability be for 2019?
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