Linda is a qualifying widow in 2014. In 2014, she reported $75,000 of taxable income (all ordinary). What is her gross tax liability using the tax rate schedules?

Question

Quizplus · Accepted Answer

Linda's taxable income is $75,000. The tax rate for the first $9,225 is 10%, for the next $28,725 is 15%, and for the remaining $37,050 is 25%. Therefore, her gross tax liability is $922.50 + $4,308.75 + $9,262.50 = $14,606.

Linda Is a Qualifying Widow in 2014