A single individual with two dependents works at a bank and earns wages of $50,000. She received a $6,000 gift from a parent to go to Europe and inherited $10,000 from an uncle when he died. Her municipal bond paid $500 interest. This individual has itemized deductions of $7,000. What is the tax liability?

Answer rating: 100% (QA)

Tax applicable 10 of 9700 12 of 31350 9700 Tax 970 2598 3... View the full answer