(solution) Mrs. Norman a widow has the following sources of income: Social

(solution) Mrs. Norman a widow has the following sources of income: Social

Mrs. Norman a widow has the following sources of income:

            Social security benefits $10,000

            Interest income 5,000

            Dividend income 5,000

            Tax-exempt interest income 14,000

Mrs. Norman is 68 years of age. Determine her taxable income and tax owed, if any, if she makes no estimates.