George and Katherine Green are married with $126,000 in gross income from their jobs at the University of Wyoming. During the year they had $4,300 in adjustments. They had $23,000 in eligible 10% expenses and $14,000 in other itemized deductions. They have 1 eligible child. They had $10,000 worth of taxes withheld throughout the year.

Question

What is the Green household's Adjusted Gross Income?

Group of answer choices

$126,000

$121,700

$115,100

$120,500

Question

How much are the Green households itemized deductions?

Group of answer choices

$37,000

$10,900

$22,000

$27,872.50

Question

What is the Green household's taxable income?

Group of answer choices

$109,134

$93,127.50

$110,800

$95,705

Question

What is the Green household tax liability (how much do they owe in taxes before credits or taxes withheld are applied)?

Group of answer choices

$12,205

$22,884.00

$13,409.00

$25,834.00

Question

Will the Green household receive a refund or owe a payment, what is the amount?

Group of answer choices

They will receive a refund of $1,378.26

They receive a refund of $225

They will owe a payment to the government of $205

They will owe a payment to the government of $1,098.13