Hand J are married and file a joint return. Neither is over 65 and both have good vision. V and T are their children. V is 22 years old and a full-time student. T is 14 years old. Both children receive greater than one-half of their support from their parents. The following information is known about H and J's income and deductions for the current year: H received a gift of $11,000 Hand J's deductions for A.G.I were $4,400 Hand J had a Taxable Income of $69,450 Hand J had adjusted gross income of $100,400 Given the information above answer the following questions. In the text box provided, show the tax formula and type the number and your answer. 1) How many of the children meet the definition of a dependency exemptions on H and J's tax return? 2) How many children qualify for the child credit? 3) What is the amount of H and J's itemized deduction? $ 4) What is H and J's total economic income? $ 5) What is H and J's gross income? $ Edit View Insert Format Tools Table 12pt Paragraph 1) two, both children 2) one, T 3) $15,400 4) $26,550 BIU