During all of 2023, Mr. and Mrs. Clay lived with their four children (all are...
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During all of 2023, Mr. and Mrs. Clay lived with their four children (all are under the age of 17). They provided over one-half of the support for each child. Mr. and Mrs. Clay file jointly for 2023. Neither is blind, and both are under age 65 . They reported the following tax-related information for the year. (Use Calculate Clays' taxes payable or refund due? (Ignore the alternative minimum tax.) Bonus 95points) Maria and Tony are married. Assume their taxable income in 2023 after all deductions is $90,000, including $5,000 of qualified dividends
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