A married couple with two children has earned income of ($ 30,000) with no withholding. Assume they
Question:
A married couple with two children has earned income of \(\$ 30,000\) with no withholding. Assume they have a taxable income of \(\$ 100\), they paid \$2,295 in FICA taxes, and they will receive an earned income credit of \(\$ 3,749\). Their tax on \(\$ 100\) is \(\$ 10\). What is the amount of their income tax liability?
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Related Book For 
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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