Wilma is 67 years old and cared for her 17-year-old grandson prior to his death last tax year. Wilma is filing as single this tax year but filed head of household while she cared for her grandson. Wilma’s adjusted gross income is $56,082 in the current tax year and her taxable income is $5,216. What is the amount, if any, of Wilma’s senior head of household credit for the current tax year? a. $0 b. $52 c. $56 d. $104
Wilma is 67 years old and cared for her 17-year-old grandson prior to his death last tax year. Wilma is filing as single this tax year but filed head of household while she cared for her grandson. Wilma’s adjusted gross income is $56,082 in the current tax year and her taxable income is $5,216. What is the amount, if any, of Wilma’s senior head of household credit for the current tax year? a. $0 b. $52 c. $56 d. $104
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1/. Wilma is 67 years old and cared for her 17-year-old grandson prior to his death last
tax year. Wilma is filing as single this tax year but filed head of household while
she cared for her grandson. Wilma’s adjusted gross income is $56,082 in the
current tax year and her taxable income is $5,216. What is the amount, if any, of
Wilma’s senior head of household credit for the current tax year?
a. $0
b. $52
c. $56
d. $104
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