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

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

Adjusted gross income, $42,140                                               Itemized deductions, $12,240 

Credit for child and dependent care expenses, $400           Federal income tax withheld, $6,686 

Amount for personal exemptions, $11,850                           Tax rate on taxable income, 10 percent

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Focus On Personal Finance

ISBN: 9780077861742

5th Edition

Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

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