Assuming the single parent taxpayers filing status is head


Calculate the total 2014 tax liability for a single parent of one dependent child with a gross income of $43,010, no salary reductions for employer provided benefits, and no itemized deductions. Assume the $1,000 child credit is the only credit available to the taxpayer and the filer uses the Head of Household status.

Head of household $9,100 / Personal Exemption in 2014 $3,950 / Child Tax Credit in 2014 $1,000 per child

Question:

Assuming the single parent taxpayer's filing status is Head of Household, the taxpayer's standard deduction for the 2014 tax year is?

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Financial Management: Assuming the single parent taxpayers filing status is head
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