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Laura has 2 dependent children and earns a gross yearly salary of $83,571. She will also make the following tax-deductible purchases: - Student loan interest:
Laura has 2 dependent children and earns a gross yearly salary of $83,571. She will also make the following tax-deductible purchases: - Student loan interest: $3,962 - Educational expenses: $3,805 When she file her taxes, what will her tax refund be? Use the following information: Standard deduction for heads of households: $19,400 - Biweekly allowance: $165.38 per person. For your final answer proceed as: Annual Income Tax Pay/Refund = Total Annual Withholding - Final Income Tax. If the couple has to pay the government, type the number with a negative sign. For example - 1280 . If the couple has to receive a refund from government, type the number without sign. For example 1280. Round your answer to the nearest dollar
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