Ralph has a gross income of $53 000. He has business expenses of $18 000 and incurred $4000 in college expenses for his daughter, who did not work and is a freshman at a local community college. Personal basic exemptions of $8500 and a tax rate of 26 percent apply. Compute Ralph's tax liability for the current year.

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The Answer of Ralph has a gross income of $53 000. He has business expenses of $18 000 and incurred $4000 in college expenses for his daughter, who did not work and is a freshman at a local community college. Personal basic exemptions of $8500 and a tax rate of 26 percent apply. Compute Ralph's tax liability for the current year.

Ralph Has a Gross Income of $53 000