Problem 1-11 The Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction (LO 1.3, 1.5, 1.7)

Christine is a single 50-year-old taxpayer with no dependents. Her only income is $40,750 of wages. Calculate her taxable income and her tax liability.

Table for the standard deduction

Filing Status	Standard Deduction
Single	$ 12,200
Married, filing jointly	24,400
Married, filing separately	12,200
Head of household	18,350
Qualifying widow(er)	24,400

Click here to access the tax tables. Taxable income: ?

Tax liability: ?

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