CAMERON & JOCELYN (married) Cameron and Jocelyn have 3 children, aged 4, 13, and 17, and also care for Jocelyn's homebound mother. They live and work in Las Vegas and take full advantage of all the city has to offer (and also the fact that Nevada has no state income tax). The following is some information from each of their W-2 forms, which were conveniently eaten by their mischievous dog, Woofie. Cameron: Box #2: "15218.09" Box #6: "1814.17" Box #12 "D 10098.44" Jocelyn: Box #2 "17049.12" Box #4: "8040.00" Box #12 "E 22500.00" ADJUSTMENTS Bank interest received: $88.77 Gambling earnings: $67120.20 Loss from stock sale: $5614.37 POSSIBLE DEDUCTIONS Mortgage interest repaid: $18910.66 Property tax paid: $6906.75 Donations: $3400 CREDITS Child Care Credit: $1050.00 Calculate Cameron & Jocelyn's federal income tax refund due/tax owed.

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To calculate Cameron and Jocelyns federal income tax refund due or tax owed we need to consider their income adjustments possible deductions and credi... View the full answer