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Calculate Nick and Sarika's 2021 tax liability after tax credits (base and additional child tax credit) based on the following information. Nick and Sarika are
Calculate Nick and Sarika's 2021 tax liability after tax credits (base and additional child tax credit) based on the following information. Nick and Sarika are married. They have one child, Andre (age 5). During the year, Nick earns a salary of $150,000. They also have qualified dividend income of $10,000 from various stock holdings and interest income from a municipal bond of $4,804. They are filing as married filing jointly and taking the standard deduction (please round to the nearest dollar, no commas. For example, if your answer is $1,100.01, please enter 1100)
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