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Joseph and Maxie Stottlemyre are married and filing a joint tax return. Their taxable incomes for the year were $27,522 (Joseph) and $24,074 (Maxie). Their
Joseph and Maxie Stottlemyre are married and filing a joint tax return. Their
taxable incomes for the year were $27,522 (Joseph) and $24,074 (Maxie). Their
W-2 forms show that they already have paid $8315in income taxes for the year.
Are they correct in assuming that they will receive a tax refund? If so, how much
will it be? Otherwise, how much will they still owe?
(10) 11. Would Joseph and Maxie have paid more or less tax if they had each filed
separately? By what amount?
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