Question: Problem 3-4 (LO3.2) Consider on the following data. Adjusted gross income $ 52,750 Itemized deductions $ 12,590 Credit for child and dependent care expenses $
Problem 3-4 (LO3.2)
| Consider on the following data. |
| Adjusted gross income | $ | 52,750 | Itemized deductions | $ | 12,590 | |
| Credit for child and dependent care expenses | $ | 480 | Federal income tax withheld | $ | 6,820 | |
| Amount for personal exemptions | $ | 11,100 | Tax rate on taxable income | 15 percent | ||
| Would Beth and Roger Simmons receive a refund or owe additional taxes? What is the amount? |
| The result is a (Click to select)refund or payment due of $ . |
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