Question
Tobias has a wife and child (Emily) who live with him full-time. Emily is his biological child and is age 13. He and his wife
Tobias has a wife and child (Emily) who live with him full-time. Emily is his biological child and is age 13. He and his wife file as Married Filing Jointly. In 2018, Tobias and his wife (she earned $10,000) had $78,000 in total income. After accounting for numerous deductions, etc. (but before accounting for tax credits) Tobias estimates that his federal income tax for the year will be $6,950. Given this limited information, how much do you believe this tax bill will be after accounting for any tax credit(s)?
Group of answer choices
$6,450
$1,550
$4,950
$450
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