Based on the following data, would Beth and Roger Simmons receive a refund or owe additional taxes?

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Adjusted gross income, $42,140 Itemized deductions, $12,240

Credit for child and dependent care expenses, $400 Federal income tax withheld, $6,686

Amount for personal exemptions, $11,850 Tax rate on taxable income, 10 percent

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Focus On Personal Finance

ISBN: 9780077861742

5th Edition

Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

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Question Posted: Nov 22, 2018 07:21 AM

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Based on the following data, would Beth and Roger Simmons receive a refund or owe additional taxes?

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Taxable income would be 18050 42140 12240 11...View the full answer

Focus On Personal Finance

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