Bill and Janet are a married couple filing jointly in 2018 andhave one child, Robert, who is 9 years old. Robert has interestincome of $3,000 in 2018. Bill and Janet’s taxable income in 2018is $46,050 and they take the standard deduction as the only fromAGI deduction.

Click here to access the trust and estate tax rate schedule andthe individual income tax schedules.

Calculate Robert’s tax liability for 2018, assuming:

a.  Bill and Janet do not make theelection to include Robert’s income on their tax return.
$_________________

b.  Bill and Janet make the electionto include Robert’s income on their tax return.
$______________

Juniper Corporation has taxable income of $48,000 for the shortperiod ended on October 31, 2018.

Calculate Juniper Corporation's short-period tax for the periodJanuary 1 through October 31, 2018. Assume that this is not thefirst or last year of operations. The corporate tax rate is 21percent.

If required, round any division to four decimal placesand round your answer to the nearest dollar. Base the allocation onmonths, not days.

Juniper Corporation's short-period tax is $_____________

Melaleuca, Inc., is an accrual basis taxpayer with the followingtransactions during the calendar tax year:

Accrual business income (except rent and interest) $63,000 Accrual business expenses (except rent) 42,000 Three months' rent received on a leased building on November 1of this year 9,000 Prepaid interest for 1 year received on a note on July 1 of thecurrent year 12,000 Six months' rent paid on December 1 for business property 7,200

Calculate Melaleuca, Inc.'s, net income for this year.
$_______________

Otto and Monica are married taxpayers who file a joint taxreturn. For the current tax year, they have AGI of $128,400. Theyhave excess depreciation on real estate of $89,880, which must beadded back to AGI to arrive at AMTI. The amount of their mortgageinterest expense for the year was $25,680, and they made charitablecontributions of $12,840. They have no other itemizeddeductions.

If Otto and Monica's taxable income for the current year is$81,780, determine the amount of their AMTI.
$_________________