Problem $3-39($LO$.1,2,3,4,5,6)$

Charlotte $($age $40)$ is a surviving spouse and provides all of the support of her four minor children $($ages $4,8,11,$ and $14)$ who live with her.

She also maintains the household in which her parents live and furnished $60\%$ of their support. Charlotte's father earned $$2,400$ from a

part$-$time job and received $$5,500$ of municipal bond interest. Charlotte has a salary of $$81,800,$ a short$-$term capital loss of $$2,000,$ a cash

prize of $$4,000$ from a church raffle, and itemized deductions of $$10,500.$

Click here to access the Components of the tax formula to use, if required. If an amount is zero, enter $"$$$0".$

a$.$ Compute Charlotte's taxable income.

$

b$.$ Using the Tax Rate Schedules $($click here$),$ tax liability $($before any allowable credits$)$ for Charlotte is $

for $2023.$

c$.$ Compute Charlotte's child and dependent tax credit.

Charlotte's child tax credit is $

$,$ of which $

may be refundable and her dependent tax credit is $

of which $

may be refundable.