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A married couple with three children has earned income of $15,000 and adjusted gross income of $70,000 with no withholding. Assume a standard deduction of
A married couple with three children has earned income of $15,000 and adjusted gross income of $70,000 with no withholding. Assume a standard deduction of $25,900. Their tax on $44,100 is $4,881. They have no earned income credit. They paid $1,148 in FICA taxes. What is the amount of their income tax due?
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
7th Edition
978-0136111474, 0136111475
