Jacob and Bo pay Evie Bos mom who is not a dependent of theirs $ per child to watch Goldie, Alex, and Connor throughout the year so they can both work. Alex and Connor are child models and file their own tax returns. Alex checks the box on the that says someone can claim her as a dependent, but Connor does not.In Jacob had a salary of $ and Bo has a salary of $ They had $ and $ withheld by their employers, respectively. The rest of their income came from interest, and nothing was withheld on any of their interest income.Jack, a fulltime student, attends Slate Univ and is in his junior year. Cost of tuition is $ and room and board is $ and is paid by Jacob and BoJacob and Bo also pay of Jack\'s support. Jacob is also taking some classes towards his Masters degree. Jacob\'s total tuition is $ but he received a scholarship of $ and remainder was paid for by Jacob\'s rich uncle, Cesar.

Jacob and Bo\'s tax information is as follows: AGI $ Taxable Income $ Tax Liability $

What is their tax due or refund amount?

If they have a tax due amount, what amount of Estimated Payments should they have paid during to avoid underpayment penalties?

Answer rating: 100% (QA)

To calculate Jacob and Bos tax due or refund amount for 2023 we need to follow these steps 1 Calcula... View the full answer