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29. LO3, LO5 Arthur and Cora are married and have 2 dependent children. They have a gross income of $95,000. Their allowable deductions for adjusted

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29. LO3, LO5 Arthur and Cora are married and have 2 dependent children. They have a gross income of $95,000. Their allowable deductions for adjusted gross income total $4,000, and they have total allowable itemized deductions of $26,250 a. What is Arthur and Cora's taxable income? b. What is Arthur and Cora's income tax? c. If Arthur has $3,900 and Cora has $3,600 withheld from their paychecks, are they entitled to a refund, or do they owe additional taxes

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