Please calculate the following questions. A married couple with 2 kids, married and filed jointly. W2 Salary 45000 Dividend 100 Interest 60 Traditional Ira contribution 6000 Standard deduction 24800 Itemized deduction 26000 Child credit 400 W2 withheld 4000 EIC? (you need to find out yourself ) You can use 1040 form if you prefer. 1. )What is the total income?

2. )What is the AGI?

3. )What is tax liability? What is the average tax rate?

4. ) Tax due or tax refund? How much?

2. John is married and file tax jointly. His family has AGI $60000, the dental and medical expense is $8000, the income tax, real estate property tax and personal property tax are $15000. The mortgage interest is $18000. The donation is $4000. What is his

itemized deduction? He should use itemized deduction or standard deduction? Why? You can use schedule A if you prefer.