Comprehensive Problem. Scott and Glenna are married with two dependent children. They have \(\$ 74,000\) in wage income and \(\$ 4,600\) in interest income on some bonds they own. They have deductions for adjusted gross income of \(\$ 4,000\) and itemized deductions of \(\$ 24,200\). Neither of the children has any income. Determine the tax savings for the family if Scott and Glenna were to transfer the bonds to the children, both under 18 .