Question: For each situation ( MFJ status, 2 children under 1 7 in each scenario; 1 other dependent in each scenario ) ( use the Table
For each situation MFJ status, children under in each scenario; other dependent in each scenariouse the Table on the left
a What is the tax owed nothing withheld in each situation?
b What is the savings from the charitable contribution in each case?
c Report a full reconciliation two ways of the QBID savings in cases if there is a QBID deduction
d Report a full reconciliation two ways of the savings from the lower rate on capital gain andor qualified dividends where applicable.
e Report the reconciliation of the savings for the tax difference of this being a business vs hobby in Scenario A vs Scenario B report the difference in two ways
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