Mr. and Mrs. Brown report taxable income of $120,000 in 2016. In addition, they report the following:

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Mr. and Mrs. Brown report taxable income of $120,000 in 2016. In addition, they report the following:

Excess Social Security Withholding Credit..................................... $ 2,200
Estimate tax payments....................................................................... 4,000
Withholding....................................................................................... 14,200

Compute the amount due or refund claimed when Mr. and Mrs. Brown file their 2016 Federal Income Tax Return.

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Related Book For  answer-question

Principles Of Taxation For Business And Investment Planning 2017

ISBN: 9781259753015

20th Edition

Authors: Sally M. Jones, Shelley C. Rhoades Catanach, Sandra R. Callaghan

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