Question
Assume 2018 tax year 40. Suzy is an unmarried taxpayer with no dependents. Income: $68,000 W-2, $12,000 inheritance, $5,000 Bingo winnings and 1,000 bank interest.
Assume 2018 tax year
40. Suzy is an unmarried taxpayer with no dependents. Income: $68,000 W-2, $12,000 inheritance, $5,000 Bingo winnings and 1,000 bank interest. Deductions: $3,000 for-AGI and: $8,000 medical, $7,000 charity, $2,000 state tax withholdings and $9,000 federal tax withholdings. How much refund or amount due? a. $8,920 due b. $80 refund c. $1,472 refund d. $0 (no refund or amount due)
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Financial Accounting
Authors: John Hoggett, Lew Edwards, John Medlin, Keryn Chalmers, Jodie Maxfield, Andreas Hellmann, Claire Beattie
9th Edition
1118608208, 978-1118608203
