A married couple with three children has earned income of $15,000 and adjusted gross income of $50,000
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A married couple with three children has earned income of $15,000 and adjusted gross income of $50,000 with no withholding, Assume a standard deduction of $24,400. Their tax on $25,600 is $2,560.
They have no earned income credit. They paid $1,148 in FICA taxes. What is the amount oft heir income tax due?
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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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