Using the tax rate schedules, compute the 2015 tax liability for Charlotte. Char

Question

Using the tax rate schedules, compute the 2015 tax liability for Charlotte. Charlotte (age 40) is a surviving spouse and provides 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 loss of $2,000 and a cash prize of $4,000 at a church raffle. Charlotte reports itemized deductions of 10,500.

Explanation / Answer

Using the tax rate schedules, compute the 2015 tax liability for Charlotte. Char

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