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QUESTION

Filing Status. Assume Gail is a wealthy widow whose husband died last year. Her dependent daughter lives with her for the entire year.

Filing Status. Assume Gail is a wealthy widow whose husband died last year. Herdependent daughter lives with her for the entire year. Gail has interest income totaling $370,000 and she pays property taxes and home mortgage interest totaling $20,000.a. What filing status applies to Gail? b. Compute her taxable income and gross tax.c. Assume that Gail does not have a daughter. What is Gailâs filing status? d. Compute Gailâs taxable income and gross tax assuming she does not have a daughter.

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