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3 Robert and John are married and have 4 dependent children and earn a gross biweekly salary of $4,931. They will also make the following

3 Robert and John are married and have 4 dependent children and earn a gross biweekly salary of $4,931. They will also make the following tax-deductible purchases: Medical expenses: $7.094 Educational expenses: $6.696 When they file their taxes jointly, what will their tax refund be? Use the following information: Standard deduction for married couples: $24,800 Biweekly allowance: $165.38 per person Married Individuals Filing Joint Returns and Surviving Spouses If Taxable Income Is Between: 0-$19,750 $19,751 - $80,250 $80,251 - $171,050 $171,051 $326,600 $326,601 - $414,700 $414,701-$622,050 $622,051 The Tax Due Is: 10% of taxable income $1,975 +12% of the amount over $19,750 $9,235 + 22% of the amount over $80,250 $29,211 + 24% of the amount over $171,050 $66,543 + 32% of the amount over $326,600 $94,735 + 35% of the amount over $414,700 $167,307.50 + 37% of the amount over $622,050 2020 Married Person Biweekly Withholding Table Taxable Wages $0 - $477 $477 - $857 $857 - $2,020 $2,020 - $3,766 $3,766-$6,758 $6,758 $8,452 $8,452 - $12,439 $12,439 or more For your final answer proceed as: $0.00 Wages Withholding $0.00 plus 10% of amount exceeding $477 $38.00 plus 12% of amount exceeding $857 $177.56 plus 22% of amount exceeding $2,020 $561.68 plus 24% of amount exceeding $3,766 $1,279.76 plus 32% of amount exceeding $6,758 $1,821.84 plus 35% of amount exceeding $8,452 $3,217.29 plus 37% of amount exceeding $12,439 Annual Income Tax to be payed or refunded = Total Annual Withholding - Final Income Tax. If the couple has to pay the government, type the number with a negative sign. For example, -325. If the couple has to receive a refund from government, type the number without sign. For example, 325. Round your answer to the nearest dollarimage text in transcribed

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