adjusted gross income is $18,000* Determine your tax liability if you are filing single using the standard deduction of $12,000, have a child tax credit of $500, and have no other adjustments, deductions or credits.

adjusted gross income is $18,000* Determine your tax liability if you are filing single using the standard deduction of $12,000, have a child tax credit of $500, and have no other adjustments, deductions or credits.

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter16: Property Transactions: Capital Gains And Losses

Section: Chapter Questions

Problem 48P

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*adjusted gross income is $18,000* Determine your tax liability if you are filing single using the standard deduction of $12,000, have a child tax credit of $500, and have no other adjustments, deductions or credits.

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