Standard Deduction Amounts Filing Status Single Married Filing Jointly or Surviving Spouse 2017 $6,350 $12,700 Head of Household $9,350 $6,350 Married Filing Separately Personal Exemptions in 2017: $4,050 Child Tax Credit in 2017: $1,000 per child

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Standard Deduction Amounts
Filing Status
2017
Single
Married Filing Jointly or Surviving Spouse
$6,350
$12,700
Head of Household
$9,350
Married Filing Separately
Personal Exemptions in 2017: $4,050
Child Tax Credit in 2017: $1,000 per child
$6,350
Transcribed Image Text:Standard Deduction Amounts Filing Status 2017 Single Married Filing Jointly or Surviving Spouse $6,350 $12,700 Head of Household $9,350 Married Filing Separately Personal Exemptions in 2017: $4,050 Child Tax Credit in 2017: $1,000 per child $6,350
Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a gross income of $41,480, no salary reductions for employer-provided benefits, and no itemized deductions.
Assuming the single parent taxpayer's filing status is Married Filing Jointly or Surviving Spouse, the taxpayer's standard deduction for the 2017 tax year is $. (Round to the nearest dollar.) Click the following link for a standard deduction table. E
Transcribed Image Text:Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a gross income of $41,480, no salary reductions for employer-provided benefits, and no itemized deductions. Assuming the single parent taxpayer's filing status is Married Filing Jointly or Surviving Spouse, the taxpayer's standard deduction for the 2017 tax year is $. (Round to the nearest dollar.) Click the following link for a standard deduction table. E
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