Go to turbotax.intuit.com, go to “Tax Calculators” under “Tools & Tips,” and click on “Tax Caster calculator” to answer the following questions:
a. Assume that your filing status is single, you are not a head of household, and you are 35 years old. Compute your refund based on the following data: Your wages were $65,000, and you had $15,000 withheld for federal taxes and $3,000 for state taxes.
b. Compute your refund using the same data as in 2a except that you are married and filing jointly, and your spouse is also 35 years old.
c. Assume the same facts as in 2b except that you own a home on which you paid $15,000 in interest and $5,000 in real estate taxes during the tax year. Compute your refund.
d. Using the same facts as in 2c, assume that you and your spouse both contributed $2,000 to a traditional IRA. Compute your refund.