8. Gordon Ramsay's butler is filling out his taxes for 2019. The family had total income...

 

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8. Gordon Ramsay's butler is filling out his taxes for 2019. The family had total income of $142,700 and will file as Married Filing Jointly with a baby girl. They will take the standard deduction and use the $2,000 child tax credit as well. The total amount withheld for federal taxes was $18,563. a. [6 pts] How much is the total tax bill for the butler's family? b. [3 pts] Explain if they will owe tax or get a refund and determine how much. c. [3 pts] Using no computations: Since the butler's wife earned no income in 2019, would this be a case of marriage penalty or marriage bonus? Explain. 8. Gordon Ramsay's butler is filling out his taxes for 2019. The family had total income of $142,700 and will file as Married Filing Jointly with a baby girl. They will take the standard deduction and use the $2,000 child tax credit as well. The total amount withheld for federal taxes was $18,563. a. [6 pts] How much is the total tax bill for the butler's family? b. [3 pts] Explain if they will owe tax or get a refund and determine how much. c. [3 pts] Using no computations: Since the butler's wife earned no income in 2019, would this be a case of marriage penalty or marriage bonus? Explain.

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Answer To find the net income of Sunland Company in 2021 we can use the information given about ... View the full answer