Anthony and latrisha are married and have two sons james, Ask an Expert

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Anthony and Latrisha are married and have two sons, James, age 25, and Jonas, age 13. Both sons are properly claimed as dependents. Anthony and Latrisha's taxable income is $130,000 in 2010 and they file a joint return. Both James and Jonas had part-time jobs as well as some unearned income. Below is a summary of their total income.

James Jonas
Wages $2,800 $ 400
Taxable interest 1,800 2,000
Compute the taxable income and tax liability for James and Jonas.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9974656

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