1. Calculate the tax for a married couple with taxable income of $80,000, four-personal exemptions (self, spouse, and two children), and $23,000 of itemized deductions (State and real estate taxes $13,000, mortgage interest $10,000). How much would you owe in taxes under the old rates in 2017 and now in 2018 under the new Tax Cuts and Job Acts 2017 rates?

2. Calculate the tax for a married couple with taxable income of $350,000, four-personal exemptions (self, spouse, and two children), and $43,000 of itemized deductions (State and real estate taxes $23,000, mortgage interest $20,000). How much would you owe in taxes under the old rates in 2017 and now in 2018 under the new Tax Cuts and Job Acts 2017?

3. What is your opinion of how the Tax Cuts and Job Acts 2017 has impacted individuals with or without children at the different income levels?