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Calculate Robert tax liability

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Problem - Bill and Janet are a married couple filing jointly in 2019 and have one child, Robert, who is 9 years old. Robert has interest income of $3,000 in 2019. Bill and Janet's taxable income in 2019 is $46,550 and they take the standard deduction as the only from AGI deduction. Calculate Robert's tax liability for 2019, assuming

a. Bill and Janet do not make the election to include Robert's income on their tax return.

b. Bill and Janet make the election to include Robert's income on their tax return.

Reference no: EM132675835

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