Skaggs tax liability, Harold and Tina Skagg, both over age 65, file a joint return in, Accounting Basics

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Skaggs tax liability

Problem:

Harold and Tina Skagg, both over age 65, file a joint return in 2013. They have adjusted gross income for the year of $64,700 and $8,000 of itemized deductions. The Skaggs tax liability for 2013, rounded to the nearest dollar, is

A. $6,983

B. $6,803

C. $5,813

D. $5,453

Note: Please provide through step by step calculations.

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Accounting Basics: Skaggs tax liability

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