Question: can you answer this. HINT- To solve this problem, remember to compute the taxable income, and use it to compute the income tax. Don't forget

can you answer this. HINT- To solve this problem, remember to compute the taxable income, and use it to compute the income tax. Don't forget the credit children if it is applicable.

can you answer this. HINT- To solve this problem,
A married couple with 4 children is filing taxes jointly. They have a gross income of $109,909, and they made the following tax- deductible purchases: s Charitable contributions: $6,539 Medical expenses: $2,198 * Mortgage interest: $4,848 Compute their final income tax using the following information: 2024 Married Individuals Filing Joint Returns and Surviving Spouses S0 -$23,200 10% of taxable income $23,201 - 594,300 $2,320 plus 12% of the amount over $23,200 $94,301 - $201,050 $10,852 plus 22% of the amount over $94,300 $383,901 - $487,450 $78,221 plus 32% of the amount over $383,900 $487,451 - $731,200 $111,357 plus 35% of the amount over $487,450 $731,201 or more $196,669.50 plus 37% of the amount over $731,200 Round your answer to the nearest dollar. $201,051 - $383,900 $34,337 plus 24% of the amount over $201,050 Recall the standard deduction for married filers: $29,200

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