Question
MARY (single) Mary works in New York. The following information is on her W-2 form: Box #1: 99136.44. Box #2: 12984.66. Box #17: 5455.91 She
MARY (single) Mary works in New York. The following information is on her W-2 form: Box #1: "99136.44". Box #2: "12984.66". Box #17: "5455.91" She has the following stuff going on... ADJUSTMENTS (above the line) Bank interest received: $41.12 Stock dividends received: $910.70 Profit from sale of stock: $4597.81 Lottery winnings: $10000 Student loan interest repaid: $1550.17 POSSIBLE DEDUCTIONS (below the line) Mortgage interest repaid: $8114.29 Property tax paid: $6090.88 Donations: $925 CREDITS Residential Energy credit: 26% of $3000 Calculate the following: a. Mary's federal income tax refund due/tax owed b. Mary's New York state income tax refund/tax owed
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