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Mike and Linda are a married couple who file jointly and have $100,000 of taxable...

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Accounting

Mike and Linda are a married couple who file jointly and have $100,000 of taxable income. They have three dependent children who are full-time students in 2020. Mike and Linda provided $8,000 of support for each child. Information for each child is as follows: Age Wages Interest income Karen 21 Susan 18 $3,000 $11,000 2,800 2,400 Amelie 16 $5,900 2,300 Compute each childs tax, assuming the interest income is taxable.

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