If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QSS box, enter the child's name if the
qualifying person is a child but not your dependent:Jacksons may claim a child tax credit for other qualifying dependents for Candice.
a What is the Jacksons' taxable income, and what is their tax liability or refund
b Complete the Jacksons' Form pages and Schedule use the most recent form available
c What would their taxable income be if their itemized deductions totaled $ instead of $
d What would their taxable income be if they had $ itemized deductions and $ of for AGI deductions?
e Assume the original facts but now suppose the Jacksons also incurred a loss of $ on the sale of some of their investment assets. What effect does the $ loss have on their taxable income?
income?
