Business, 25.10.2019 21:43 zachinartos1

Jim, 49, and linda, 50, are married and will file a joint return. they have 2 children. todd, 20 years old, and traci, 15 years old; who both live with their parents all year. todd has a part time job and traci is still in high school. jim and linda provided more than 50% of the support for both children. jim's wages were $26500; linda's wages were $16805; todd's gross income was $3100; traci's was $0. jim, linda, todd, and traci had health care coverage all year throughjim's employer. jim and linda are not claiming any education or retirement savings contribution credits. question 1: what is the sum of jim and linda's standard deduction and their exemptions? question 2: what is the amount of jim's and linda's taxable income? question 3: what is the amount of jim's and linda's earned income credit?

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Jim, 49, and linda, 50, are married and will file a joint return. they have 2 children. todd, 20 yea...