Question: Mr and Mrs PJ celebrated the birth of their third

Mr. and Mrs. PJ celebrated the birth of their third child on November 18. Compute the effect of this event on their tax liability, assuming that:
a. Their AGI was $99,000, and their taxable income before considering the new dependent was $84,200.
b. Their AGI was $260,000, and their taxable income before considering the new dependent was $248,800.
c. Their AGI was $830,000, and their taxable income before considering the new dependent was $714,000.

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  • CreatedNovember 03, 2015
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