Question: Only need answer for 3. and 4. , ( 2.A=9,717 B=15,276 C=15,320 D=15,320 ) Use TurboTax to compute some calculations Compute The Refund 2. Go

Only need answer for 3. and 4. , ( 2.A=9,717 B=15,276 C=15,320 D=15,320 ) Only need answer for 3. and 4. , ( 2.A=9,717 B=15,276 C=15,320

Use TurboTax to compute some calculations Compute The Refund 2. Go to turbotax intuit.com, go to "Tax Calculators" under "Tools & Tips," and click on "TaxCaster calculator" to answer the following questions a. Assume that your fing status is single, you are not a head of household, and you are 35 years old. Compute your refund based on the following data: Your wages were $85,000, and you had $15,000 withheld for federal taxes and $3,000 for state taxes. b. Compute your refund using the same data as in 2a except that you are married and filing jointly, and your spouse is also 35 years old. c Assume the same facts as in 2b except that you own a home on which you paid $15,000 in interest and $5,000 in real estate taxes during the tax year. Compute your refund. d. Using the same facts as in 20, assume that you and your spouse both contributed $2,000 to a traditional IRA Compute your refund. **Important notes: You were fortunate enough not to be furloughed during 2020 due to the pandemic. This means that you and your spouse did not collect any unemployment benefits. Because you did not collect unemployment benefits, you did not have any federal unemployment deductions. You DID receive a stimulus check in the amount of $2,400 ($1,200 for you and $1,200 for your spouse). A. B. C. D. 3. Explain why the refund amount is tower when you entered information as a single person versus entering Information as a married person? 4. Explain why the refund amount for items B and C? What contributed to the figures? Use TurboTax to compute some calculations Compute The Refund 2. Go to turbotax intuit.com, go to "Tax Calculators" under "Tools & Tips," and click on "TaxCaster calculator" to answer the following questions a. Assume that your fing status is single, you are not a head of household, and you are 35 years old. Compute your refund based on the following data: Your wages were $85,000, and you had $15,000 withheld for federal taxes and $3,000 for state taxes. b. Compute your refund using the same data as in 2a except that you are married and filing jointly, and your spouse is also 35 years old. c Assume the same facts as in 2b except that you own a home on which you paid $15,000 in interest and $5,000 in real estate taxes during the tax year. Compute your refund. d. Using the same facts as in 20, assume that you and your spouse both contributed $2,000 to a traditional IRA Compute your refund. **Important notes: You were fortunate enough not to be furloughed during 2020 due to the pandemic. This means that you and your spouse did not collect any unemployment benefits. Because you did not collect unemployment benefits, you did not have any federal unemployment deductions. You DID receive a stimulus check in the amount of $2,400 ($1,200 for you and $1,200 for your spouse). A. B. C. D. 3. Explain why the refund amount is tower when you entered information as a single person versus entering Information as a married person? 4. Explain why the refund amount for items B and C? What contributed to the figures

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