Calculate the total 2020 tax liability for a surviving spouse with one dependent child with a gross income of $68,840.00, assuming that the taxpayer takes the standard deduction. If the dependent child is under the age of 17 and $3,000.00 was withheld from the taxpayer's wages for federal income taxes, what is the amount of the taxpayer's refund or tax due? Assuming the single parent taxpayer's filing status is Married Filing Jointly or Surviving Spouse, the taxpayer's standard deduction for the 2020 tax year is $ (Enter the amount to the nearest cent.) Click the following link for a standard deduction table: Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Filing Status Single Standard Deduction Amounts Married Filing Jointly or Surviving Spouse Head of Household Married Filing Separately Child Tax Credit in 2020: $2,000 per child Print Done 2020 $12,400 $24,800 $18,650 $12,400
Calculate the total 2020 tax liability for a surviving spouse with one dependent child with a gross income of $68,840.00, assuming that the taxpayer takes the standard deduction. If the dependent child is under the age of 17 and $3,000.00 was withheld from the taxpayer's wages for federal income taxes, what is the amount of the taxpayer's refund or tax due? Assuming the single parent taxpayer's filing status is Married Filing Jointly or Surviving Spouse, the taxpayer's standard deduction for the 2020 tax year is $ (Enter the amount to the nearest cent.) Click the following link for a standard deduction table: Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Filing Status Single Standard Deduction Amounts Married Filing Jointly or Surviving Spouse Head of Household Married Filing Separately Child Tax Credit in 2020: $2,000 per child Print Done 2020 $12,400 $24,800 $18,650 $12,400
Chapter1: The Individual Income Tax Return
Section: Chapter Questions
Problem 13P
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Transcribed Image Text:Calculate the total 2020 tax liability for a surviving spouse with one dependent child with a gross income of $68,840.00, assuming that the taxpayer takes the standard deduction. If the dependent child is under the age of 17 and $3,000.00 was withheld from the taxpayer's wages
for federal income taxes, what is the amount of the taxpayer's refund or tax due?
Assuming the single parent taxpayer's filing status is Married Filing Jointly or Surviving Spouse, the taxpayer's standard deduction for the 2020 tax year is $
(Enter the amount to the nearest cent.) Click the following link for a standard deduction table:
Data table
(Click on the following icon in order to copy its contents into a spreadsheet.)
Filing Status
Single
Standard Deduction Amounts
Married Filing Jointly or Surviving Spouse
Head of Household
Married Filing Separately
Child Tax Credit in 2020: $2,000 per child
Print
Done
2020
$12,400
$24,800
$18,650
$12,400
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