Question:Can someone help me with the attached document (tax). Can you please show how you arrived at your answers.
Duke and Pat Collins have adjusted gross income of $358,000. They have itemized deductions of $20,000 consisting of $8,000 in medical expenses that exceed 10% of adjusted gross income, $3,000 in property taxes, $4,000 in housing interest, and $5,000 in misc. itemized deductions that exceed 2% of adjusted gross income. What is the amount of their itemized deductions? Bradford is 12 years old and is claimed as a dependent on his parents' return. In 2017, he received unearned income of $2,200. Bradford's itemized deductions totaled $150. Determine Bradford's taxable income? What is standard deduction and number of exemptions that a married couple will be allowed, assuming that they are not over 65 or blind, that they fully support the husband's 85 year old mother, and that they have no other dependents? (For the 2017 tax year). What is the taxpayer's filing status for 2017 in each of the situations? o o o Bill's wife died in 2016. Bill maintained a household for his two dependent children in 2017. Bill is unmarried and lives in an apartment. He supported his aged parents, who lived in a separate home. Bill provided over half of the cost of maintaining his parents' home and also provided over half of each of his parents' support. Bill is unmarried and maintains a household for his 18-year-old daughter and her husband. Bill pays over half of the support of his daughter. The daughter files joint return with her husband. Richard and Jennifer were married in 2008. They have a five-year-old child and a son born November 15, 2017. Richard's 67-year-old father lived in a nursing home until his death on May 23, 2017. Richard and Jennifer provided support until his death. Richard earned $43,000 in salary during the year. They also received $2,100 in interest from the credit union. They incurred $7,800 in itemized deductions during the year. Compute Richard and Jennifer's income tax for 2017 using the Tax Rate Schedules