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Problem 3-39 (Lo. 1, 2, 3, 4, s, 5) Charlotte (age 40) is a surviving spouse and provides all of the support of her four minor children (ages 4, 8, 11, and 14) who live with her. She also maintains the household in which her parents live and furnlshed 60% of their support. Besides interest on City of Miami bonds in the amount 0f $5,500, Charlotte's father received $2,400 from a part-time job. Charlotte has a salary of $80,000, a short-term capital loss of $2,000, a cash prize of $4,000 from a church rafe, and itemized deductions of $10,500. Click here to access the Components of the tax formula to use, if required. If an amount is zero, enter "$0". 3. Compute Charlotte's taxable income. $ 57,200 X b. Using the Tax Rate Schedules (click here), tax liability (before any allowable credits) for Charlotte is $ 6469 X for 2022. c. Compute Charlotte's child and dependent tax credit. Charlotte's child tax credit is J , of which $_ X may be refundable and her dependent tax credit is $ 1,000 J of which 43 J may be refundable. Feedback {ii} ' Check My Work Taxpayers are allowed to deduct the greater of itemized deductions or the standard deduction. The child tax credit and dependent tax credit are provided to indivldual taxpayers based on the number of their qualifying children and dependents. The computation of income tax due (or refund) involves applying the proper set of tax rates to taxable Income and then adjusting for available credits