Assume Gail is a wealthy widow whose husband died last year. Her dependent daughter lives with her

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Assume Gail is a wealthy widow whose husband died last year. Her dependent daughter lives with her for the entire year. Gail has interest income totaling $379,900 and she pays property taxes and home mortgage interest totaling $20,000. 
a. What filing status applies to Gail?
b. Compute her taxable income and gross tax.
c. Assume that Gail does not have a daughter. What is Gail’s filing status?
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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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