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3. Andy and Sally are married and under 50. They have no dependents. Sallys salary (Federal withholding $3,000) 60,000 Andys salary (Federal withholding $3,000) 45,000

3. Andy and Sally are married and under 50. They have no dependents.

Sallys salary (Federal withholding $3,000) 60,000

Andys salary (Federal withholding $3,000) 45,000

City of Dallas municipal bonds 1,500

Chase Bank Interest 3,000

Qualifying Ford stock dividends 5,000

Take a standard deduction and compute their tax and the tax refund or balance due. Please note that due to the qualifying dividends the answer to this question is different than the last question.

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