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Katherine Green is single with $146,000 in gross income from her job at the Caitlin Bank. During the year she had $4,300 in adjustments. She
Katherine Green is single with $146,000 in gross income from her job at the Caitlin Bank. During the year she had $4,300 in adjustments. She had $23,000 in eligible 7.5% medical expenses and $14,000 in fully itemized deductions. She has 2 eligible children. She had $10,000 worth of taxes withheld throughout the year.
What is the Green household's taxable income? $94,605.50$93,827.50$115,327.50$114,000 Question 4 What is the Green household tax liability (how much do they owe in taxes before credits or taxes withheld are applied)? $19,473 $18,869 $22,884 $15,695Step by Step Solution
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