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Onyl looking for answers to 3 and 5 What is the Wayne's gross income? $83,000 $87,030 $78,580 $83,980 Question 2 1 pts What is their

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Onyl looking for answers to 3 and 5
What is the Wayne's gross income? $83,000 $87,030 $78,580 $83,980 Question 2 1 pts What is their adjusted gross income? $71,000 $81,980 $83,980 $76,580 Will the Wayne's itemize or take the standard deduction? If so, show the correct amount for whichever one they choose. They will choose the itemized deduction of $25,801.50 as it is higher than the standard deduction of $20,800 They will choose the standard deduction of $27,700 as it is higher than the itemized deduction of $26,206.50 They will choose the standard deduction of $27,7 as it is higher than the itemized deduction of $25,100 They will choose the itemized deduction of $32,206.50 as it is higher than the standard deduction of $27,700 $5,600 paid in state income taxes $3,750 paid in local property taxes $4,000 Federal Income tax withheld during the year What is their taxable income and how much is their federal tax liability? Their taxable income is $50,333.50 and they owe $5600 in federal income taxes. Their taxable income is $57,330.50 and they owe $6440 in federal income taxes. Their taxable income is $44,373.50 and they owe $4,885 in federal income taxes. Their taxable income is $48,880 and they owe $5442 in federal income taxes, Question 5 1pts Do they still owe the government money or will they receive a refund? If so, how much do they owe? They will receive a refund of $1115 They owe the government $1,740 They owe the government $440 They will receive a refund of $3274

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