Randy and Tessa (husband and wife) transferred taxable bonds worth $38,000 to Patricia, their 12-year-old daughter. Patricia received $3,800 of interest on the bonds in the current year. Requirement a. Compute Randy and Tessa's gross tax. Assume they do not include Patricia's income on their return. On Randy and Tessa's taxable income of $ their gross tax is $. Requirement b. Can Randy and Tessa claim a child credit for Patricia? Randy and Tessa are entitled to a child credit for Patricia equal to $1,050. entitled to a child credit for Patricia equal to $1,000. not entitled to a child credit for Patricia because she received interest revenue in the current year. not entitled to a child credit for Patricia because their adjusted gross income exceeds the limit of 575,600. Requirement c. Compute Patricia's taxable income and gross tax. Begin by computing the taxable income for Patricia. Now compute the net unearned income for Patricia. Minus: Randy and Tessa (husband and wife) transferred taxable bonds worth $38,000 to Patricia, their 12-year-old daughter. Patricia received $3,800 of interest on the bonds in the current year. Requirement a. Compute Randy and Tessa's gross tax. Assume they do not include Patricia's income on their return. On Randy and Tessa's taxable income of $ their gross tax is $. Requirement b. Can Randy and Tessa claim a child credit for Patricia? Randy and Tessa are entitled to a child credit for Patricia equal to $1,050. entitled to a child credit for Patricia equal to $1,000. not entitled to a child credit for Patricia because she received interest revenue in the current year. not entitled to a child credit for Patricia because their adjusted gross income exceeds the limit of 575,600. Requirement c. Compute Patricia's taxable income and gross tax. Begin by computing the taxable income for Patricia. Now compute the net unearned income for Patricia. Minus