Question
Mr. and Mrs. Kigalis AGI (earned income) was $14,510. Their federal income tax withholding was $880. They had no itemized deductions and two dependent children,
Mr. and Mrs. Kigalis AGI (earned income) was $14,510. Their federal income tax withholding was $880. They had no itemized deductions and two dependent children, ages 18 and 19.
Required: If Mr. and Mrs. Kigali are entitled to a $4,738 earned income credit, compute their income tax refund. Assume the taxable year is 2020. Use Standard Deduction Table.
Married filing jointly and surviving spouses 24800
Married filing separately 12400
Head of Household 18650
Single 12400
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The Routledge Companion To Auditing
Authors: David Hay, W. Robert Knechel, Marleen Willekens
1st Edition
