Question: Assume that for 2 0 2 4 , Jack and Amy are married filing jointly, neither are 6 5 nor blind and they have two

Assume that for 2024, Jack and Amy are married filing jointly, neither are 65 nor blind and they have two children, each of whom meets the requirements for being a
"gualifying child." The basic standard deduction in 2024 for married filing jointly is $29,200. Assume that their adjusted gross income in 2024 is $160,000 and that they have itemized deductions in 2023 totaling $40,000. They have no deductions for adjusted

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