Problem 1
	Hills		Rogers
Salary ( earned by one spouse)	$ 36,000		$ 95,000
Interest	1,600		10,300
Deductible IRA contribution	2,500		0
Itemized deductions	17,000		17,000
Expemptions	8,000		8,000
WithHolding	900		20,500
Compute the 2015 tax due or refund for each couple. Assume that the itemized deductions have been
reduced by the applicable floors Ignore credits.
A. Compute Taxable Income:
	Hills		Rogers
Salary
	$		$
Minus:
Adjusted Gross Income	$		$
Minus:
Taxable Income	$		$					20
B. Calculate the 2015 tax due or refund due for each couple (use a minus sign or parentheses for a net tax refund)
	Hills		Rogers
Gross tax
Minus:
Withholding
Tax due (refund)	$		$					6