Question
Jerri Nichols and her two children, Austin and Alexandra, moved into the home of her new husband, Samuel Glenner, in Ames, Iowa. Jerri is employed
Jerri Nichols and her two children, Austin and Alexandra, moved into the home of her new husband, Samuel Glenner, in Ames, Iowa. Jerri is employed as a librarian, and her husband sells cars. The Glenner family income consists of the following: $40,000 from Jerris salary; $42,000 from Samuels salary; $10,000 in life insurance proceeds from a deceased aunt; $140 in interest from savings; $4380 in alimony from Jerris ex-husband; $14,200 in child support from her ex-husband; $500 cash as a Christmas gift from Samuels parents; and a $1600 tuition-and-books scholarship Jerri received to go to college part time last year.
A.)If Jerris and Samuels employers withheld $18,000 for income taxes, yet they owe $6,896 in taxes, would they get a refund or will they still owe taxes. If they get a refund, how much will it be?
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