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Mark and Emma are a married couple who file jointly. They have three dependent children who are full-time students in 2018. Mark and Emma provided
Mark and Emma are a married couple who file jointly. They have three dependent children who are full-time students in 2018. Mark and Emma provided $11,400 of support for each child. Information for each child is as follows:
Brooke | Cheryl | Ashley | |
Age | 21 | 18 | 16 |
Wages | 2,900 | 9,000 | 6,100 |
interest income | 2,800 | 2,500 | 3,000 |
Compute each child's tax, assuming the interest income is taxable. (Assume that none of the children provide any of their own support.)
(I have the first one set up)
Brooke's tax, assuming the interest income is taxable
Wages | 2,900 |
interest income | 2,800 |
adjusted gross income | 5,700 |
minus: | |
Standard deduction | ? |
taxable income | ? |
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