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Renaldo and Rita Hernandez have three children aged 17, 18, and 12. Renaldo's father lives with them and has no income Renaldo earned a salary

Renaldo and Rita Hernandez have three children aged 17, 18, and 12. Renaldo's father lives with them and has no income Renaldo earned a salary of $46,000 during the year. Rita is not employed. They paid $ 3,200 property tax and $6,050 mortgage interest on their home. They paid $2.900 principal on their mortgage. They paid state income tax of $ 2,100. They donated $550 to their church and $650 to the salvation army. They spent $6,200 on groceries and $1.300 on utilities. They itemize their deductions. Complete the problem, using the exemptions,deductions, and tax rates given in the chapter .

A. What is their taxable income?

B.What is their net income tax after credits? (round tax amount prior to subtracting child tax credit)

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