Caroline is an unmarried single mother of a 14 year old son in 2020. Caroline's spouse and the son's father, Frank, died during 2018. Caroline's Adjusted Gross Income for 2020 is 54,000. Caroline's itemized deductions are $10,000. What is Caroline's computed Income Tax Liability for 2020 BEFORE CONSIDERING ANY TAX CREDITS? Enter your numerical answer under the following format: 1) DO NÓT USE A DOLLAR SIGN; 2) DO NOT USE A COMMA SEPARATOR FOR THOUSANDS IF APPLICABLE; 3) DO NOT USE DECIMALS IN YOUR FINAL ANSWER. ROUND UP TO THE NEAREST DOLLAR ANY DECIMAL AMOUNT.

Caroline is an unmarried single mother of a 14 year old son in 2020. Caroline's spouse and the son's father, Frank, died during 2018. Caroline's Adjusted Gross Income for 2020 is 54,000. Caroline's itemized deductions are $10,000. What is Caroline's computed Income Tax Liability for 2020 BEFORE CONSIDERING ANY TAX CREDITS? Enter your numerical answer under the following format: 1) DO NÓT USE A DOLLAR SIGN; 2) DO NOT USE A COMMA SEPARATOR FOR THOUSANDS IF APPLICABLE; 3) DO NOT USE DECIMALS IN YOUR FINAL ANSWER. ROUND UP TO THE NEAREST DOLLAR ANY DECIMAL AMOUNT.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter8: Taxation Of Individuals

Section: Chapter Questions

Problem 32P

See similar textbooks