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 $26,250. The standard deduction for 2019 is $24,400. 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 2019 is $2,000 per child. a. Arthur and Cora's 2019 taxable income is $ 64,750 v. b. Arthur and Cora's 2019 income tax is $ 6,103 X. C. If Arthur has $3,900 and Cora has $3,600 withheld from their paychecks then they are entitled to a refund of $ 1,397 X