Holly and Ken are married and have three children living at home: Ken,Jr. ,age 21,goes to college full-time and earned $7,000 from his part-time job;Sara is 19 and earned $19,000 as a secretary;Claudia is 15 and is in high school.Claudia made $42,000 as a model this year,all of which was put into a trust account except for her manager's fee.Ken made $65,000 in 2013 as an engineer and Holly earned $7,000 as a substitute teacher.If they have $18,000 of itemized deductions,what is Holly and Ken's tax liability on their joint return in 2013?
a.$4,877.50
b.$4,867.50
c.$5,452.50
d.$6,027.50

Question

Quizplus · Accepted Answer

The Answer of Holly and Ken are married and have three children living at home: Ken,Jr. ,age 21,goes to college full-time and earned $7,000 from his part-time job;Sara is 19 and earned $19,000 as a secretary;Claudia is 15 and is in high school.Claudia made $42,000 as a model this year,all of which was put into a trust account except for her manager's fee.Ken made $65,000 in 2013 as an engineer and Holly earned $7,000 as a substitute teacher.If they have $18,000 of itemized deductions,what is Holly and Ken's tax liability on their joint return in 2013?
a.$4,877.50
b.$4,867.50
c.$5,452.50
d.$6,027.50

Holly and Ken Are Married and Have Three Children Living