Determining a Refund or Taxes Owed. Based on the following data, would Ann and Carl Wilton receive
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Determining a Refund or Taxes Owed. Based on the following data, would Ann and Carl Wilton receive a refund or owe additional taxes?
Adjusted gross income ..................................$46,686
Itemized deductions ......................................$11,420
Child care tax credit .............................................$80
Federal income tax withheld ...........................$4,784
Amount for personal exemptions ....................$7,300
Tax rate on taxable income .................................0.15
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Related Book For
Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
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