Compute the taxable income and tax liability

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Reference no: EM13155749

Computation of Tax, Standard Deduction, and Kiddie Tax. 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.

Wages $2,800 $ 400
Taxable interest 1,800 2,000

Compute the taxable income and tax liability for James and Jonas.

Reference no: EM13155749

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