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308 Introduction to Federal Income Tax Ch. 1: 110,875 ASSIGNMENT PROBLEMS Type 1 Problems Problem 1 T oro Jack and Jill were married on December 1. 2019. Jill and her two children of a previous marriage moved into Jack's home. Jill's children are 14 and 16 and have no income. Jack and Jill have the following income for tax purposes for 2019: Prior to the Subsequent to marriage the marriage $33,000 $3,000 9,800 800 Jack.... Jill..... You have been asked to: (A) Determine the optimum personal tax credits under section 118 for both Jack and Jill for 2019 (B) How would your answer change in 2020 if the income levels remain the same? Problem 2 ITA 308 Introduction to Federal Income Tax Ch. 1: 110,875 ASSIGNMENT PROBLEMS Type 1 Problems Problem 1 T oro Jack and Jill were married on December 1. 2019. Jill and her two children of a previous marriage moved into Jack's home. Jill's children are 14 and 16 and have no income. Jack and Jill have the following income for tax purposes for 2019: Prior to the Subsequent to marriage the marriage $33,000 $3,000 9,800 800 Jack.... Jill..... You have been asked to: (A) Determine the optimum personal tax credits under section 118 for both Jack and Jill for 2019 (B) How would your answer change in 2020 if the income levels remain the same? Problem 2 ITA