Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a gross income of ?$46,610?, no salary reductions for? employer-provided benefits, and no itemized deductions

Finance May 27, 2021

Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a gross income of ?$46,610?, no salary reductions for? employer-provided benefits, and no itemized deductions.

Assuming the single parent? taxpayer's filing status is Married Filing Jointly or Surviving? Spouse, the? taxpayer's standard deduction for the 2017 tax year is ?$_______ ?(Round to the nearest? dollar.)

Expert Solution

Computation of Total Tax Liability for 2017:

Given,

Gross income = ?$46,610?

For 2017, Surviving Spouse Standard Deduction = $12,700

Personal Exemption = 4050

Taxable Income = $46,610 - 12700 - 4050 = $29,860

Tax Liability = 1865 + (29860 - 18650) *15%

= 1865 + 1074

= $3,546.50

Tax Liability = $3,546.50

Assuming the single parent? taxpayer's filing status is Married Filing Jointly or Surviving? Spouse, the? taxpayer's standard deduction for the 2017 is $12,700.

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