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.
- James Jonas
- Wages $2,800 $ 400
- Taxable interest 1,800 2,000
- Compute the taxable income and tax liability for James and Jonas.