Mr. and Mrs. Delta are filling a joint tax return. Together they had an income of $100,830
Question:
a. What was Mr. and Mrs. Delta's taxable income?
b. What is the tax on the amount in part a?
c. The Delta's received a combined education and child tax credit of $2,500. How much tax must they pay after applying the tax credits?
d. If their employers withheld $10,201 in federal income tax, how much money will they owe to the federal government?
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Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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