Mrs. Atkinson is an unmarried taxpayer with one dependent child living in her home. Her AGI is

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Mrs. Atkinson is an unmarried taxpayer with one dependent child living in her home. Her AGI is $40,000, and she does not itemize deductions. The 18-year-old child earned $12,480 from a part-time job and incurred no deductible expenses.

a. Compute Mrs. Atkinson's income tax (before credits)

b. Compute her child's income tax

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Principles Of Taxation For Business And Investment Planning 2019 Edition

ISBN: 9781260161472

22nd Edition

Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan

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Question Posted: Jan 18, 2019 04:28 AM

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Mrs. Atkinson is an unmarried taxpayer with one dependent child living in her home. Her AGI is

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a Mrs Atkinsons AGI 40000 Standard deduction 18000 Taxable income 22000 Income ...View the full answer

Principles Of Taxation For Business And Investment Planning 2019 Edition

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