Calculate the total 2017 tax liability for a surviving spouse with one dependent

Question

Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a gross income of $54,790, 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.)

Since the taxpayer has one dependent child, the taxpayer's exemptions for the 2017 tax year is $_____ (Round to the nearest dollar.)

The taxpayer's taxable income for the 2017 tax year is $______ (Round to the nearest dollar.)

The taxpayer's child tax credit amount for the 2017 tax year is $_____ (Round to the nearest dollar.)

The taxpayer's total income tax due for the 2017 tax year is $_______ (Round to the nearest cent.)

Standard Deduction Amounts

Filing Status

2017

Single

$6,350

Married Filing Jointly or Surviving Spouse

$12,700

Head of Household

$9,350

Married Filing Separately

$6,350

Personal Exemptions in 2017: $4,050

Child Tax Credit in 2017: $1,000 per child

Standard Deduction Amounts

Filing Status

2017

Single

$6,350

Married Filing Jointly or Surviving Spouse

$12,700

Head of Household

$9,350

Married Filing Separately

$6,350

Personal Exemptions in 2017: $4,050

Child Tax Credit in 2017: $1,000 per child

Explanation / Answer

Tax year - 2017

Filing status - Surviving spouse

Number of personal exemptions = 2 [One for the surviving spouse and one for the dependent child]

Calculation of Tax due or Tax refund

Therefore,

The taxpayer's total income tax due for the 2017 tax year is $3,166

Note 1 - Calculation of Gross tax on taxable income of $33,990

Federal Income tax rate for the year 2017 (Filing status - Surviving Spouse):

Calculation of Gross tax payable:

Amount Total income (Gross Income) $54,790 Less: Exclusions Nil Adjusted Gross Income $54,790 Less: Standard deductions $12,700 Less: Personal exemptions $4,050 x 2 $8,100 Taxable income $33,990 Gross IncomeTax due [Note 1] $4,166 Less: Child Tax Credit $1,000 Net Inome tax due $3,166

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