Question
Mr. and Mrs. Kigalis AGI (earned income) was $15,210. Their federal income tax withholding was $910. They had no itemized deductions and two dependent children,
Mr. and Mrs. Kigalis AGI (earned income) was $15,210. Their federal income tax withholding was $910. They had no itemized deductions and two dependent children, ages 18 and 19.
Required: If Mr. and Mrs. Kigali are entitled to a $4,728 earned income credit, compute their income tax refund. Assume the taxable year is 2021. Use Standard Deduction Table.
| Married filing jointly and surviving spouses | $25,100 |
|---|---|
| Married filing separately | 12,550 |
| Head of household | 18,800 |
| Single | 12,550 |
FIND TAX REFUND
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The Boundaries In Financial And Non-Financial Reporting A Comparative Analysis Of Their Constitutive Role
Authors: Laura Girella
1st Edition
1138586900, 9781138586901
