Question
Bruce and Anna Wayne 3 children living at home under the age of 17 $78,000 gross annual combined salaries $2,000 invested in Bruce's IRA during
Bruce and Anna Wayne 3 children living at home under the age of 17 $78,000 gross annual combined salaries $2,000 invested in Bruce's IRA during the year $580 in a savings account interest $400 in dividends from Bats Inc 300 shares of stock sold for $27 per share on July 2, this year (plus a $50 brokerage commission). The stock was purchased for $10 per share 1 year ago (plus a $50 brokerage commission). $4,300 in medical expenses $9,000 in home mortgage interest $3,000 given to charity $2,500 paid in state income taxes $1750 paid in local property taxes $7,460 Federal Income tax withheld during the year
Questions:
Do they still owe the government money or will they receive a refund? If so, how much do they owe?
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