Latisha is an unmarried taxpayer, filing head of household. She has two dependent children (7-year-old twins) who
Question:
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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Answer rating: 72% (11 reviews)
1 Taxable income 22700 19400 3300 Regular tax before credits 330 2 Tentative EIC 40 x 15410 ...View the full answer
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Related Book For
Pearsons Federal Taxation 2023 Comprehensive
ISBN: 9780137840656
36th Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse
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