Orrill is single and has custody of his 8-year-old son Jack.Orrill has gross income of $46,000,deductions for adjusted gross income of $2,200 and itemized deductions of $6,000.What is his tax liability for 2016?

Question

Quizplus · Accepted Answer

Orrill's taxable income is calculated as follows: Gross income ($46,000) - deductions for AGI ($2,200) - standard deduction for head of household ($9,300 in 2016) - personal exemptions ($4,050 each for Orrill and Jack in 2016) = $26,400. Using the 2016 tax rates for head of household, the tax liability is $3,298.

Orrill Is Single and Has Custody of His 8-Year-Old Son