Name Lab 8.1-8.4 Show your work in onder to revive anda. You may use a calculator as needed. 1 A family consists of two married adults and une child dependent. The first suit mak 5445,000 in raw waps. The second adult makes 3000,000 in raw wages They ered $58, 300-in-intent from investments. The couple contributed $105,000 to 1 a tax-deferred savings plan and $50,000 to charity. The couple paid $42,600 in interest on their home mortgage, paid $21,000 in property taxes and paid $54,700 in state taxes - This married couple will be filing tas jointly (a) Find the couple's gross locom $1,196,500 (b) Find the couple's wljasted grow income (AGI) 1,041,500 (e) Find the couple's itemiand deduction 21,000 -42,600 -54,700 923,200 693,000 +445,000 +58,500 1,196,500 105,000 (d) In 2016 every person and dependent was entitled to a $4,000 exemption. The standard deduction for a married couple filing jointly was $12,000 1. If it were 2016, would the couple choose the standard deduction or the itemini deduction? In 2017 Copped the Tax Cuts and Jds Art Personal tax exemptions wwwcomply but the staland deduction for married pl Use the inatim alone to calulate the ple's taxable income (TT) 1712016-AGI-Empties Deduction). Tis 2018-A-D (0 Caledate the mple's as wed uing the provided tables 2016 InTas Tax Rate 10% 3314 25% 20% Single up to $3,275 19,275 to 3765 817400 to 191,150 301150 to $1,150 33% 30% 316. Standard Deduction 50,300 $4050 Child Tax Credits (per child $1,000 $100,150 to $415,350 $413,350 to $415.000 more than $415,000 Married Filing Jointly 18550 to $75,00 $75,300 to $151,300 $151,000 to $231,450 $231,450 to $411,350 $413,350 to $466,950 more than 1406900 $12,600 $4,050 $1,000 The Rate Singh 9440 Married Filing Jointly