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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.
1.) What is the Green hoiseholds adjusted gross income?
2.) How much are the Green Households itemized deductions?
3.) What is the Green households taxable income?
4.) what is the green household tax liability(how much do they owe in taxes before credits or taxes withheld are applied)?
5.) Will the Green household recieve a refund or owe a payment? what is the amount?
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