Mike and Linda are a married couple who file jointly. They have three dependent children who are full-time students in 2017. Mike and Linda’s taxable income is $180,000 and they provided $8,000 of support for each child. Information for each child is as follows:
|
Karen |
Susan |
Amelie |
|
|
Age |
21 |
18 |
16 |
|
Wages |
$3,000 |
$11,000 |
$5,900 |
|
Interest |
2,800 |
2,400 |
2,200 |
Compute each child’s tax, assuming the interest income is taxable.
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