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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

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 bonds 1,500

Chase Bank Interest 3,000

GM bonds 5,000

Take a standard deduction, deduct their personal exemptions, and compute their tax and the tax refund or balance due:

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