Carol Martin$’$s spouse died in the previous tax year. Carol is $38$ years old, and she has three girls, Marcia, Jan, and Cindy. The three girls $($her daughters$)$ live with Carol for more than half the year. Marcia is $14,$ Jan $($who is legally blind$)$ is $11,$ and Cindy is $7.$ The girls do not provide over half of their own support.

a$.$ What filing status should Carol use?

b$.$ How many dependents will she claim on her tax return? List her qualifying dependents.

c$.$ How much is Carol$’$s standard deduction $($assume she cannot itemize, and her deduction is not phased out$)?$ 

d$.$ If Carol$’$s AGI is $$200,000,$ what is her total tax before any credits?

e$.$ What is Carol$’$s marginal tax rate? Effective tax rate? Average tax rate?

a$.$ Filing status

b$.$ # of dependents $–$ QC or QR for each name

c$.$ Standard deduction

d$.$ Tax Liability

e$.$ Marginal Tax Rate

Effective Tax Rate

Average Tax Rate

Answer rating: 100% (QA)

a Filing status Carol should use the Head of Household filing status b Number o... View the full answer