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5. Calculate the tax refund or balance due for the following taxpayer. - 2019 tax year - filing status is single -Claiming standard deduction of

5. Calculate the tax refund or balance due for the following taxpayer. - 2019 tax year - filing status is single -Claiming standard deduction of $12,200 for their "single" filing status - $50,000 salary - Assume 10% tax rate applies on all taxable income - $ 4000 of federa Lincome tax with holding from paychecks throughout 2019

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