Using the married filing jointly status and their income and expense statement, calculate the 2017 tax liability for Shameka and Curtis Williams. First, use the standard deduction, and then use the following itemized deductions: Income Earned income Interest income $58,000.00 1,900.00 Expenses Home mortgage interest Real estate and state income taxes Miscellaneous deductions $8,500.00 3,750.00 700.00 Explain to the Williams which method they should use and why. Shameka and Curtis' total gross income for the 2017 tax year is $ (Round to the nearest cent.) Assuming Shameka and Curtis are filing jointly, their exemption amount for the 2017 tax year is $ (Round to the nearest cent.) i Data Table (Round to the nearest dollar.) N If Shameka and Curtis use the standard deduction, their standard deduction amount for the 2017 tax year is $ threshold.) Click the following link for a standard deduction table. Their taxable income for the 2017 tax year is $ (Round to the nearest cent.) 2017 $6,350 $12,700 $9,350 $6,350 If Shameka and Curtis use the standard deduction, their total income tax due for the 2017 tax year is $ Standard Deduction Amounts Filing Status Single Married Filing Jointly or Surviving Spouse Head of Household Married Filing Separately Personal Exemptions in 2017: $4,050 Child Tax Credit in 2017: $1,000 per child (Round to the nearest cent.) Click the f If Shameka and Curtis itemize their deductions, their itemized deduction amount for the 2017 tax year is $. (Round to the nearest cent.) If Shameka and Curtis itemize their deductions, their taxable income for the 2017 tax year is $ (Round to the nearest cent.) If Shameka and Curtis itemize their deductions, their total income tax due for the 2017 tax year is $ (Round to the nearest cent.) Click the follo Print Done Which method should they use? (Select the best answer below.) Using the married filing jointly status and their income and expense statement, calculate the 2017 tax liability for Shameka and Curtis Williams. First, use the standard deduction, and then use the following itemized deductions: Income Earned income Interest income $58,000.00 1,900.00 Expenses Home mortgage interest Real estate and state income taxes Miscellaneous deductions $8,500.00 3,750.00 700.00 Explain to the Williams which method they should use and why. Shameka and Curtis' total gross income for the 2017 tax year is $ (Round to the nearest cent.) Assuming Shameka and Curtis are filing jointly, their exemption amount for the 2017 tax year is $ (Round to the nearest cent.) i Data Table (Round to the nearest dollar.) N If Shameka and Curtis use the standard deduction, their standard deduction amount for the 2017 tax year is $ threshold.) Click the following link for a standard deduction table. Their taxable income for the 2017 tax year is $ (Round to the nearest cent.) 2017 $6,350 $12,700 $9,350 $6,350 If Shameka and Curtis use the standard deduction, their total income tax due for the 2017 tax year is $ Standard Deduction Amounts Filing Status Single Married Filing Jointly or Surviving Spouse Head of Household Married Filing Separately Personal Exemptions in 2017: $4,050 Child Tax Credit in 2017: $1,000 per child (Round to the nearest cent.) Click the f If Shameka and Curtis itemize their deductions, their itemized deduction amount for the 2017 tax year is $. (Round to the nearest cent.) If Shameka and Curtis itemize their deductions, their taxable income for the 2017 tax year is $ (Round to the nearest cent.) If Shameka and Curtis itemize their deductions, their total income tax due for the 2017 tax year is $ (Round to the nearest cent.) Click the follo Print Done Which method should they use? (Select the best answer below.)