Question
Robert and John are married and have 2 dependent children and earn a gross biweekly salary of $5,176. They will also make the following tax-deductible
Robert and John are married and have 2 dependent children and earn a gross biweekly salary of $5,176. They will also make the following tax-deductible purchases: Medical expenses: $7,143 Educational expenses: $6,746 When they file their taxes jointly, what will their tax refund be?
Use the following information: Standard deduction for married couples: $25,100 Biweekly allowance: $165.38 per person
For your final answer proceed as: Annual Income Tax to be payed or refunded = Total Annual Withholding - Final Income Tax. If the couple has to pay the government, type the number with a negative sign. For example, -325. If the couple has to receive a refund from government, type the number without sign. For example, 325. Round your answer to the nearest dollar.
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