Mary Watson is 24 years old and single, lives in an apartment, and has no dependents. Last
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Mary Watson is 24 years old and single, lives in an apartment, and has no dependents. Last year she earned $45,000 as a sales assistant for Focused Business Analytics; $3,910 of her wages was withheld for federal income taxes. In addition, she had interest income of $142. Estimate her taxable income, tax liability, and tax refund or tax owed.
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Mary Watsons tax calculations are as follows assuming a 2011 tax year Look on page 2 of the sample F...View the full answer
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Personal Financial Planning
ISBN: 978-1111971632
13th edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
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