4. Based on the following data, would Beth and Roger Simmons receive a refund or owe additional...

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4. Based on the following data, would Beth and Roger Simmons receive a refund or owe additional taxes? (LO3.2)

Adjusted gross income, $42,140 Credit for child and dependent care expenses, $400 Amount for personal exemptions, $12,150 Itemized deductions, $11,240 Federal income tax withheld, $6,686 Tax rate on taxable income, 10 percent

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Focus On Personal Finance

ISBN: 9781259919657

6th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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