NAOMI $($head of household$)$

Naomi lives and works in Washington, where there is no state income tax. She has an adopted $6-$year$-$old child. Box #$3$

on her W$-2$ form reads $"198219\mathrm{.}00".$ Box #$12$ on her W$-2$ reads $"$E $12888\mathrm{.}09".$ Box #$2$ on her W$-2$ form reads $"34187\mathrm{.}09".$

ADJUSTMENTS

Bank interest earned: $$86\mathrm{.}25$

Student loan interest repaid: $$3891\mathrm{.}22$

Dividends received: $$2040\mathrm{.}35$

Loss from sale of stock: $$1593\mathrm{.}44$

POSSIBLE DEDUCTIONS

Property tax paid: $$11,980\mathrm{.}45$

Mortgage interest repaid: $$9230\mathrm{.}48$

Donations: $$750$

CREDITS

Child Care Credit: $$1050\mathrm{.}00$

Adoption Credit: $$3000\mathrm{.}00$

Calculate Naomi's federal refund due$/$tax owed.

Answer rating: 100% (QA)

Step 1 Calculate Adjusted Gross Income AGI Wages 19821900 Social Security and Medicare tax withheld ... View the full answer