Mr. and Mrs. Delta are filing a joint tax return. Together they had an income of $100,830 last year. Their total deductions were $16,848.
a. What was Mr. and Mrs. Delta’s taxable income?
b. What is the tax on the amount in part a?
c. The Deltas received combined education and child tax credits of $2,500.
How much tax must they pay after applying the tax credits?
d. If their employers withheld $10,201 in federal income tax, how much money will they owe to the federal government?