7. Jerry and Jess (under 60) have 3 children. They inherited money in January and retired. Here is their income. Inherited Assets Chase Interest Income Municipal bond interest Qualifying dividends 2,000,000 75,000 40,000 25,000 They have itemized deductions of $15,000. They provide over half of the support of all of their children who live with them and are: Jeff 18 not a student making $10,000 Barb 20 not a student making $3,000 Stephanie 21 a full time student making $8,000 Is Jeff a dependent? Why? Is Barb a dependent? Why? Is Stephanie a dependent? Why? Compute their adjusted gross income. Compute their taxable income. Compute their tax liability. Compute the tax liability for their children. es) Focus