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Problem 1-50 (LO 1-3, 1-4) Xavier and his wife Maria have total W-2 income of $95,856. They will file their tax return as married
Problem 1-50 (LO 1-3, 1-4) Xavier and his wife Maria have total W-2 income of $95,856. They will file their tax return as married filing jointly. They had a total of $7,974 withheld from their paychecks for federal income tax. Determine the amount of refund or additional tax due upon filing their tax return. Note: Input your answer as a positive number. Use the appropriate Tax Tables.
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Core Concepts of Government and Not For Profit Accounting
Authors: Michael H. Granof, Penelope S. Wardlow
2nd edition
471737925, 978-0-470-4605, 978-0471737926
