Problem 9-20 (LO. 1, 3, 5) Charlotte (age 40) is a surviving spouse and provides all of the support of her four minor children who live with her (all are under age 16). 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". Ignore any credits for which she may qualify. a. Compute Charlotte's taxable income. b. Using the Tax Rate Schedules (click here), tax liability (before any allowable credits) for Charlotte is $ 2023. for

Charlotte (age 40) is a surviving spouse and provides all of the support of her four minor children who live with her (all are under age 16). She also maintains the household in which her parents live and furnished 60% of their support. Charlotte's father earnec $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 ". Ignore any credits for which she may qualify. a. Compute Charlotte's taxable income. b. Using the Tax Rate Schedules (click here), tax liability (before any allowable credits) for Charlotte is s for 2023