Compute the 2024 tax liability (after any available credits) for Charlotte. Please indicate what tax...

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Accounting

Compute the 2024 tax liability (after any available credits) for Charlotte. Please indicate what tax credits and how much, if any, would be available to Charlotte. Charlotte (age 40) is a surviving spouse and provides all of the support of her four minor children (ages 4,8,11, and 14) who live with her. Charlotte also maintains the household in which her parents live, and she furnished 60% of their support. Charlottes father received $2,400 from a part-time job, as well as interest on City of Miami bonds in the amount of $5,500. Charlotte earns $120,000 salary, has a short-term capital loss of $2,000, and won a cash-prize of $4,000 at a church raffle. Charlotte reports itemized deductions of $22,000.

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