Mr. and Mrs. Volcano file a joint return for tax purposes. Their total income for the year
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Question:
- Mr. and Mrs. Volcano file a joint return for tax purposes. Their total income for the year is $104,730.
- They have deductions for agi = $4,443.
- Their itemized deductions totaled $26,070
- The total withholdings for the year amounted to $15,000
Required:
- What is their tax due or tax refund?
Related Book For
South Western Federal Taxation 2015
ISBN: 9781305310810
38th Edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
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