A married couple with three children has earned income of ($ 15,000) and adjusted gross income of

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A married couple with three children has earned income of $\$ 15,000$ and adjusted gross income of $\$ 50,000$ with no withholding. Assume a standard deduction of $\$ 24,000$. Their tax on $\$ 24,000$ is $\$ 2,600$.

They have no earned income credit. They paid $\$ 1,148$ in FICA taxes. What is the amount of their income tax due?

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CCH Federal Taxation 2019 Comprehensive Topics

ISBN: 9780808049081

2019 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 27, 2024 04:01 AM

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A married couple with three children has earned income of ($ 15,000) and adjusted gross income of

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CCH Federal Taxation 2019 Comprehensive Topics

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