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The Palios celebrated the birth of their first and only child on November 1 8 . Required: Compute the effect of this event on their

The Palios celebrated the birth of their first and only child on November 18.
Required:
Compute the effect of this event on their tax liability, assuming that their AGI was $100,800, and their taxable income before considering the new dependent was $82,200.
Compute the effect of this event on their tax liability, assuming that their AGI was $421,000, and their taxable income before considering the new dependent was $354,000.
Compute the effect of this event on their tax liability, assuming that their AGI was $839,000, and their taxable income before considering the new dependent was $723,000.
Assume the taxable year is 2023.

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