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of the amount over- $ 0 Head of householdSchedule Z If taxable income is: But not Over- over- The tax is: $ 0 $ 13,850 ......... 10% 13,850 52,850 $ 1,385.00 + 12% 52,850 84,200 6,065.00 + 22% 84,200 160,700 12,962.00 + 24% 160,700 204,100 31,322.00 + 32% 204,100 510,300 45,210.00 + 35% 510,300 152,380.00 + 37% Married filing separatelySchedule Y-2 Single-Schedule X If taxable of the income is: But not amount Over- over- The tax is: over $ 0 $ 9,700 ......... 10% $ o 9,700 39,475 $ 970.00 + 12% 9,700 39,475 84,200 4,543.00 + 22% 39,475 84,200 160,725 14,382.50 + 24% 84,200 160,725 204,100 32,748.50 + 32% 160,725 204,100 510,300 46,628.50 + 35% 204,100 510,300 153,798.50 + 37% 510,300 Married filing jointly or Qualifying widow(er)- Schedule Y-1 If taxable of the income is: But not amount Over- over- The tax is: over- $ 0 $ 19,400 ......... 10% $ 0 19,400 78,950 $ 1,940.00 + 12% 19,400 78,950 168,400 9,086.00 + 22% 78,950 168,400 321,450 28,765.00 + 24% 168,400 321,450 408,200 65,497.00 + 32% 321,450 408,200 612,350 93,257.00 + 35% 408,200 612,350 164,709.50 + 37% 612,350 13,850 52,850 84,200 160,700 204,100 510,300 If taxable income is: Over- $ 0 of the amount over- The tax is: ......... 10% $ 0 9,700 $ 970.00 + 12% But not over- $ 9,700 39,475 84,200 160,725 204,100 306,175 39,475 84,200 160,725 204,100 306,175 4,543.00 + 22% 14,382.50 + 24% 32,748.50 + 32% 46,628.50 + 35% 82,354.75 + 37% 9,700 39,475 84,200 160,725 204,100 306,175 For 2019: Chin Lee (age 42) is single with three minor children (all under age 16), who live with him. Chin has a salary of $80,001, a short-term capital loss of ($2,000), a cash prize of $4,000 from a church raffle, and itemized deductions of $10,500. Calculate/Answer the following: a. Chin's optimum filing status b. Chin's adjusted gross income c. Chin's taxable income d. Chin's tax liability before any credits (Use the tax tables in Appendix A of your book) Show all calculations for partial credit, and label each