8. John is a 36-year-old calendar-year taxpayer whose wife died in August of 2017. His eight year-old son lives with him. During 2017, he had salary income of $52,000, $600 of dividend income, and received $50,000 from the life insurance policy on his wife. He made a $2,000 contribution to his regular IRA and paid $9,800 for a hospital bill and $3,000 for a doctor bill for his deceased wife. He also paid $4,000 in mortgage interest, $800 in property taxes, $300 of credit card interest and $400 in job hunting expenses when he tried to find a better paying job in the same line of work in March. Determine John’s income tax liability for 2017 before any allowable credits. (Reference table(s) required for solution.)

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To determine Johns income tax liability for 2017 we need to calculate his taxable income first Heres ... View the full answer