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1.Salama is married to Omran. Both are 48 years of age. They itemize their deductions. Their salaries are $150,000. They provided the following information about

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1.Salama is married to Omran. Both are 48 years of age. They itemize their deductions. Their salaries are $150,000. They provided the following information about their expenditures and other income for 2019: Loss on sales of stocks 6,500: Interest on Capital one credit card 3.200, Mortgage interest payments 14,800; IRA contribution (Traditional) 12,000; State income tax estimated payment 2,200; Contribution to charitable organizations 3,000, Charitable Contribution 500; Interest income from their saving $3,500; Calculate their taxable income for 2019. Show all your work. (11 points) 2.Dima is a single and 39 years old has four children, ages 4, 5, 7, and 11. Assuming Dima's gross income for 2019 is $280,000. Dima's deductions for AGI is $40,000 and has no other deductions. What is Dima's child tax credit? (10 points)

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