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and Melania, a married couple who file a joint return, are ages 53 and 41 respectively. Neither is blind. They have two children, ages 8
and Melania, a married couple who file a joint return, are ages 53 and 41 respectively. Neither is blind. They have two children, ages 8 and 6, who live with them and whom they support 100%. Donald owns a company, while Melania is a stay-at-home mom. Donald did not make any federal income tax payments during 2020. In addition, Donald does not get a qualified business income deduction in 2020 because the business had a net operating loss. During 2020, Donald and Melania have the following income amounts: Gross Income $ 150,000 Adjusted Gross Income 130,000 Taxable Income 103,000 How much is Donald and Melania's income tax liability for 2020? a) $10,240 b) $20,180 c) $14,240 d) $24,580 How much is Donald and Melania's income tax liability for 2020? a) $10,240 b) $20,180 c) $14,240 d) $24,580 e) $18,800
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