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Example: Calculating Taxable Income and Tax Due Janine has the following income tax-related items in 2015: Salary of $85,000 and FOR AGI deductions of 58,000.

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Example: Calculating Taxable Income and Tax Due Janine has the following income tax-related items in 2015: Salary of $85,000 and FOR AGI deductions of 58,000. Janine does not have any tax credits, but she did have $9,000 withheld from her paychecks. In addition, Janine made $5,000 in estimated tax payments in 2015. Assume that Janine pays tax at a flat rate of 25%. What is Janine's tax due or refund

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