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Based on the following data, would Beth and Roger Simmons receive a refund or owe additional taxes. Adjusted gross income Credit for child and dependent
Based on the following data, would Beth and Roger Simmons receive a refund or owe additional taxes. Adjusted gross income Credit for child and dependent care expenses Amount for personal exemptions $ 56,520 $ 780 $ 12,150 Itemized deductions Federal income tax withheld Tax rate on taxable income $ 11,960 $ 7,346 15 percent Would Beth and Roger Simmons receive a refund or owe additional taxes? What is the amount? (Do not round any intermediate calculations. Enter the amount as a positive value rounded to 2 decimal places.) The result is a What would be the average tax rate for a person who paid taxes of $6,696.43 on a taxable income of $53,020? (Enter your answer as a percent rounded to 2 decimal places.) Average tax rate % Assume the standard deduction for a single person is $6,350. Daniel Simmons arrived at the following tax information: Gross salary Dividend income Itemized deductions $ 51,120 $ 150 $ 7,960 Interest earnings One personal exemption Adjustments to income $ 210 $ 4,050 $ 1,020 What amount would he report as taxable income? Taxable income
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