Question: please answer all part. I'm not sure which questions im missing. Thanks in advance George and Katherine Green are married with $146,000 in gross income

please answer all part. I'm not sure which questions im missing. Thanks in advance
please answer all part. I'm not sure which questions im missing. Thanks
in advance George and Katherine Green are married with $146,000 in gross
income from their jobs at the University of Wyoming. During the year

George and Katherine Green are married with $146,000 in gross income from their jobs at the University of Wyoming. During the year they had $4,300 in adjustments. They had $23,000 in eligible 7.5% medical expenses and $14,000 in other itemized deductions. They have 2 eligible child. They had $10,000 worth of taxes withheld throughout the year. Question 1 1pts What is the Green household's Adjusted Gross Income? $145,100 $126,000 $120.500 How much are the Green household's itemized deductions? $22,000$17,000$10,900$26,372.50 Question 3 1 pts What is the Green household's taxable income? $93,827,50$115,327.50$103,400.00$97,605.50 What is the Green household tax liability (how much do they owe in taxes before credits or taxes withheld are applied)? $12,139.05$16,869.50$22,884.50$20,409:00 Question 5 Will the Green household receive a refund or owe a payment, what is the amount? They will receive a refund of $378.26 They will owe a payment to the government of $6,539.00 They receive a refund of $860.95 They will owe a payment to the government of $869.50

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!