I:14-59 Refundable Credits. Latisha is an unmarried taxpayer, filing head of household. She has two dependent children

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I:14-59 Refundable Credits. Latisha is an unmarried taxpayer, filing head of household. She has two dependent children (7-year-old twins) who lived with her all year. Her 2022 earned income was $18,600, her AGI was $22,700, and she uses the standard deduction.

Determine her:

1. Taxable income and regular tax before credits.

2. Earned income credit (EIC).

3. Balance due or refund.

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Pearsons Federal Taxation Corporations Partnerships Estates And Trust 2023

ISBN: 9780137730391

36th Edition

Authors: KENNETH E. ANDERSON, DAVID S. HULSE, TIMOTHY J. RUPERT Richard J. Joseph LeAnn Luna

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