Buffy and Biff are veterinarians.They have two dependent children ages 9 and 10 and they pay $7,200 for child care while they work.In 2015,they have net income from their practice of $170,000.They each put $4,000 into their traditional IRAs (these IRAs are their only retirement plans).Their itemized deductions are $28,000.What is their net tax liabilityafter all allowable credits if they file jointly?

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The Answer of Buffy and Biff are veterinarians.They have two dependent children ages 9 and 10 and they pay $7,200 for child care while they work.In 2015,they have net income from their practice of $170,000.They each put $4,000 into their traditional IRAs (these IRAs are their only retirement plans).Their itemized deductions are $28,000.What is their net tax liabilityafter all allowable credits if they file jointly?

Buffy and Biff Are Veterinarians