Question
Based on the following data, would Ann and Carl Wilton receive a refund or owe additional taxes? How much? Adjusted gross income $ 44,200 Itemized
Based on the following data, would Ann and Carl Wilton receive a refund or owe additional taxes? How much?
| Adjusted gross income | $ | 44,200 | Itemized deductions | $ | 11,540 |
|
| Child care tax credit | $ | 730 | Federal income tax withheld | $ | 3,300 |
|
| Amount for personal exemptions | $ | 9,140 | AVERAGE Tax Rate |
| 25 | percent |
Enter "tax refund" or "payment due"
How much?
In the block below, enter refund amount or payment due. Round your answer to the nearest whole number. Input all amounts as positive values. Omit the comma and "$" sign in your response.)
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
15th edition
134796551, 134796550, 978-0134796550
