Based on the following data, would Ann and Carl Wilton receive a refund or owe additional taxes?
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Based on the following data, would Ann and Carl Wilton receive a refund or owe additional taxes? How much?
Adjusted gross income | $ | 46,950 | Itemized deductions | $ | 15,820 | |
Child care tax credit | $ | 170 | Federal income tax withheld | $ | 2,600 | |
Amount for personal exemptions | $ | 8,660 | AVERAGE Tax Rate | 30 | percent | |
Related Book For
Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
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