Question: Based on the following data, would Beth and Roger Simmons receive a refund or owe additional taxes. Adjusted gross income$56,710Itemized deductions$11,910Credit for child and dependent
Based on the following data, would Beth and Roger Simmons receive a refund or owe additional taxes.
Adjusted gross income$56,710Itemized deductions$11,910Credit for child and dependent care expenses$800Federal income tax withheld$7,381Amount for personal exemptions$12,150Tax rate on taxable income15percent
Would Beth and Roger Simmons receive a refund or owe additional taxes? What is the amount?(Do not round any intermediate calculations. Enter the amount as a positive value rounded to 2 decimal places.)
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