Robert and Mary are married taxpayers filing a joint return in 2016. Their taxable income is $100,000. Robert and Mary have two dependent children (Adam and Arlene, both high school students) living at homie in 2016. Robert and Mary provide over half the children's support.

Adam, age 17, earned $4,000 from working at a fast food restaurant in 2016. He also received $3,500 interest income from a saving account he owns. Arlene Age 16, earns $2,500 at a summer job during 2016. Arlene received $1,800 Interest income from her savings account.

a.) The amount Adam can claim as a personal exemption on his 2016 federal income tax return is _____?

b.) The amount Adam's standard deduction on his 2016 federal income tax return is_____?

c.) The amount of Arlene's standard deduction on her 2016 federal income tax return is _____?

d.) Adam's 2016 taxable income is_____?

e.) Arlene's 2016 taxable income is_____?

f.) Adam's total federal income tax liability for 2016 is_____?

g.) Arlene's total federal income tax liability for 2016 is_____?

Answer rating: 100% (QA)

a Adams personal exemption is 4050 This is the amount he can deduct from his ... View the full answer