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FNC 1) The Lees, a family of two adults and two dependent children under age 16, had a gross annual income of $68,000 for 2017.

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FNC 1) The Lees, a family of two adults and two dependent children under age 16, had a gross annual income of $68,000 for 2017. Determine their standard deduction, exemption, and child tax credit amounts, as well as their marginal and average tax rates, assuming their filing status is married filing jointly. 9) Calculate the 2017 total tax for Gordon Geist, a single taxpayer with no dependents and no itemized deductions. He has an active income of $40,000, a short-term capital gain income of $4,000 from the sale of stock, and $7,800 from book royalties. What is Gordon's average tax rate

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