Multiple Choice
Holly and Ken (both age 46) are married and have two children living at home: Sara is 19 and earned $19,000 as a secretary.Claudia is 15 and is in high school.Claudia made $4,200 as a model this year, all of which was put into a trust account except for her manager's fee.Ken made $67,600 as an engineer and Holly earned $7,000 as a substitute teacher.If they have $18,000 of itemized deductions, what is Holly and Ken's tax liability on their joint return in 2019 after any allowable credits?
A) $1,636.00
B) $3,636.00
C) $5,636.00
D) $6,287.50
Correct Answer:

Verified
Correct Answer:
Verified
Q58: In 2019, which of the following is
Q59: 28 The NII tax is assessed on
Q60: Taxpayers can apply any excess FICA tax
Q61: A married person filing a separate return
Q62: Contributions to health savings accounts are made
Q64: A taxpayer's filing status determines the basic
Q65: To file as a surviving spouse, a
Q66: Susan pays $4,700 for daycare for her
Q67: Marcia and Tim, a married couple, file
Q68: In 2019, Carol, who is 54 and