3. How does a tax deduction differ from a tax credit? 9. Are taxpayers allowed to claim the additional old-age or blindness standard deduction for dependents? 11. Bill and Becky had a child born on April 15. The child died within three hours of birth. Can they claim an exemption for the child? 14. Explain the concept of the "multiple support agreement." What are the requirements for such agreement? 28. What is the difference between the tax tables and the tax rate schedules? 30. Tom and Linda are married taxpayers who file a joint return. They have itemized deductions of $28,100 and four exemptions. Assuming an adjusted gross income of $40,000, what is their taxable income for 2021? 31. Compute Mary's taxable income for 2021, assuming she is single and claims two dependent children. Her adjusted gross income is $70,000, and she has itemized deductions of $19,800. 32. Which of the following taxpayers should itemize? Explain. a. Robert is a single taxpayer. He has itemized deductions of $12,750 b. Jane qualifies as head of household. Her itemized deductions total $18,000. c. Brian is married and files a separate return. He has itemized deductions of $12,750 d. Lisa is a surviving spouse. Her itemized deductions are $24,800 61. Comprehensive Problem. Richard and Jennifer were married in 2012. They have a 5-year-old child and a son born November 15th 2021. Richard 67-year-old father lived in a nursing home until his death on May 23rd 2021. Richard and Jennifer provided all of his support until his death. Richard earned $43,000 in salary during the year. They also received $2100 in interest from the credit union. They incurred $17,000 in itemized deductions during the year. Compute Richard and Jennifer's income tax for 2021 using the tax rate schedules. 62. Comprehensive Problem. Scott and Glenna are married with two dependent children. They have $74,000 in wage income and $4600 in interest income on some bonds they own. They have deductions for adjusted gross income of $4000 and itemized deductions of $25,300. 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