Deductions from Adjusted Gross Income, Calculating Tax Liability (LO. 3, 5)

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 $14,250. The standard deduction for 2017 is $12,700 and the personal exemption is $4,050.

Refer to the Tax Rate Schedules to answer the following questions. Round intermediate computations and final answer to the nearest dollar.

Note: The child tax credit in 2017 is $1,000 per child.

a. Arthur and Cora's 2017 taxable income is $.

b. Arthur and Cora's 2017 income tax is