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

The Palios celebrated the birth of their first and only child on November 18.
Required:
a. Compute the effect of this event on their tax liability, assuming that their AGI was $101,200, and their taxable income before
considering the new dependent was $77,400.
b. Compute the effect of this event on their tax liability, assuming that their AGI was $423,000, and their taxable income before
considering the new dependent was $356,000.
c. Compute the effect of this event on their tax liability, assuming that their AGI was $841,000, and their taxable income before
considering the new dependent was $725,000.
Assume the taxable year is 2023.
Complete this question by entering your answers in the tabs below.
Compute the effect of this event on their tax liability, assuming that their AGI was $101,200, and their taxable income before
considering the new dependent was $77,400.
Note: Leave no cell blank; if there is no effect, select "No effect" from dropdown and enter "0".
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