32.  LO.1, 2, 3, 4, 5, 6 Using the Tax Rate Schedules, compute the 2015 tax liability for Charlotte. Charlotte (age 40) is a surviving spouse and pro-
vides all of the support of her four minor children, who live with her. Charlotte
also maintains the household in which her parents live, and she furnished 60% of their support. Besides interest on City of Miami bonds in the amount of $5,500, Charlotte’s father received $2,400 from a part-time job. Charlotte earns an $80,000 salary, a short-term capital loss of $2,000, and a cash prize of $4,000 at a church raffle. Charlotte reports itemized deductions of  $10,500.
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Posted 24 Aug 2017 03:08 PM
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