Give the correct answer with detailed explanation and don't copy from internet.

Jimmy Dean is married to Jamie Dean & they have two children, Jonah (age 16) and Jessica (age 21). The family had medical expenses and income as follows: Medical Expenses Income Jimmy $5,000 $40,000 Jamie $3,000 $60,000 Jonah $2,000 $600 Jessica $4,000 $10,000 Jimmy would like to claim all the family's credits since he paid for them all. Calculate the reduction in taxes that will result from medical. Remember that negatives are in brackets (x,xxx.xx)