The Lees, a family of two adults and two dependent children under age 16, had a gross annual income of $73,000 for 2017. Determine their standard deduction, exemption, and child tax credit amounts, as well as their marginal and average tax rates assuming their filing status is married filing jointly. Assuming the Lees' filing status is married filing jointly, their standard deduction for the 2017 tax year is $ (Round to the nearest dollar.) Click the following link for a standard deduction table. The Lee family has two adults and two dependent children under age 16, therefore, their exemption amount for the 2017 tax year is $ (Round to the nearest dollar.) Their taxable income for the 2017 tax year is $ (Round to the nearest dollar.) Their child tax credit amount for the 2017 tax year is $ (Round to the nearest dollar.) The Lees' total income tax due for the 2017 tax year is $ (Round to the nearest cent.) Click the following link for the tax rates and brackets table. Their marginal federal income tax rate for the 2017 tax year is %. (Round to the nearest whole percent.) Their average federal income tax rate for the 2017 tax year is %. (Round to two decimal places.) The Lees, a family of two adults and two dependent children under age 16, had a gross annual income of $73,000 for 2017. Determine their standard deduction, exemption, and child tax credit amounts, as well as their marginal and average tax rates assuming their filing status is married filing jointly. Assuming the Lees' filing status is married filing jointly, their standard deduction for the 2017 tax year is $ (Round to the nearest dollar.) Click the following link for a standard deduction table. The Lee family has two adults and two dependent children under age 16, therefore, their exemption amount for the 2017 tax year is $ (Round to the nearest dollar.) Their taxable income for the 2017 tax year is $ (Round to the nearest dollar.) Their child tax credit amount for the 2017 tax year is $ (Round to the nearest dollar.) The Lees' total income tax due for the 2017 tax year is $ (Round to the nearest cent.) Click the following link for the tax rates and brackets table. Their marginal federal income tax rate for the 2017 tax year is %. (Round to the nearest whole percent.) Their average federal income tax rate for the 2017 tax year is %. (Round to two decimal places.)