Determine the tax liability using tax rate schedules


Response to the following problem:

Charlotte (age 40) is a surviving spouse and provides all of the support of her four minor children who live with her. She also maintains the household in which her parents live and furnished 60% of their support. Besides interest on City of Miami bonds in the amount of $5,500, Charlotte%u2019s father received $2,400 from a part- time job. Charlotte has a salary of $80,000, a short-term capital loss of $2,000, a cash prize of $4,000 from a church raffle, and itemized deductions of $10,500.

Using the Tax Rate Schedules, compute the 2013 tax liability for Charlotte.

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Taxation: Determine the tax liability using tax rate schedules
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