Holly and Ken (both age 46) are married and have two children living at home: Sara is 19 and earned $19,000 as a secretary. Claudia is 15 and is in high school. Claudia made $4,200 as a model this year, all of which was put into a trust account except for her manager's fee. Ken made $67,200 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 2018 after any allowable credits?

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The Answer of Holly and Ken (both age 46) are married and have two children living at home: Sara is 19 and earned $19,000 as a secretary. Claudia is 15 and is in high school. Claudia made $4,200 as a model this year, all of which was put into a trust account except for her manager's fee. Ken made $67,200 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 2018 after any allowable credits?

Holly and Ken (Both Age 46) Are Married and Have