Question 7, Pl:2-49 (simil... Part 4 of 8 > HW Score: 39.33%, 11.8 of 30 points Points: 0.41 of 2 Save Matthew and Lucy are a married couple who file jointly. They have three dependent children who are full-time students in 2018. Matthew and Lucy provided $11,900 of support for each child. Information for each child is as follows: B (Click the icon to view the information.) (Click the icon to view the standard deduction amounts.) (Click the icon to view the tax rate schedule for the Single filing status.) (Click the icon to view the child's tax rate brackets.) Read the requirement. Compute Linda's tax, assuming the interest income is taxable. Begin by computing the taxable income for Linda. Wages $ 3,200 Interest income 2,500 Adjusted gross income $ 5,700 Minus: Standard deduction (3,550) $ 2,150 Taxable income Now compute the net unearned income for Linda. Unearned income $ 2,500 Minus: Standard deduction (1,050) (1,050) Statutory deduction 400 Net unearned income (Use the 2018 tax rate schedule for all tax calculations.) The tav liabilit, far I indo io 215 Data Table Linda Ashley Giana Age 21 18 16 Wages 3,200 $ 10,000 $ 6,400 Interest income 2,500 2,200 2,600 Print Done STANDARD DEDUCTION Filing Status Married individuals filing joint returns and surviving spouses $ 24,000 Heads of households 18,000 Unmarried individuals (other than surviving spouses and heads of households) 12,000 Married individuals filing separate returns 12,000 Additional standard deduction for the aged and the blind Individual who is married and surviving spouses 1,300 * Individual who is unmarried and not a surviving spouse 1,600 * Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus $350 or (2) $1,050. * These amounts are $2,600 and $3,200, respectively, for a taxpayer who is both aged Reference Child's tax rate brackets: 10% tax rate: Portion of taxable income not over ETI plus $2,550 24% tax rate: Portion of taxable income over ETI plus $2,550 but not over ETI plus $9,150 35% tax rate: Portion of taxable come over ETI plus $9,150 but not over ETI plus $12,500 37% tax rate: Portion of taxable income over ETI plus $12,500 Print Done