Question
Michelle files head of household and has wages income of $104,000 for 2020. She has a 7-year-old daughter who she provides 100% of the care
Michelle files head of household and has wages income of $104,000 for 2020. She has a 7-year-old daughter who she provides 100% of the care for. She also has interest income of $ 127. She has $7,000 in state taxes held throughout the year in addition to $9,000 for Federal Taxes and also made state estimated payments totaling $500 for the year. What will be Michelle’s refund or (tax due) on April 15, 2020 to or from the state of California. Assume that they do meet the health insurance requirements in your calculation.
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
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