Question
1.Using 2016 tax. Assume you are a single person with no dependents who made $35,000.00from your primary job and an additional $5,500.00 from a part
1.Using 2016 tax. Assume you are a single person with nodependentswho made $35,000.00from your primary job and an additional $5,500.00 from a part time position.You had a total of $7,700 dollars withheld intaxes(from both jobs combined) and will take the standard deduction.
a. Will you get a refund, or will you have to pay more tax?
b. What is the amount of the refund/payment?
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
