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H, age 45 and W, age 43, are married with two dependent children: M, age 18, and N, age 19. Both live at home and are full-time students at the local...

H, age 45 and W, age 43, are married with two dependent children: M, age 18, and N, age 19. Both live at home and are full-time students at the local university. H, is the president of a local bank and receives a salary of $150,000. He is also the sole proprietor of a jewelry store that had a net profit for 2013 of $75,000. W is a registered nurse at a large hospital and is paid a salary of $50,000. In addition, H and W also receive the following during 2013

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