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Sergio is single and has a 12 year old daughter whom he supports and lives with him all year round. Sergio's salary is $135,000.
Sergio is single and has a 12 year old daughter whom he supports and lives with him all year round. Sergio's salary is $135,000. His tax withholding is $19,750. His itemized deductions total $16,750. What is Sergio's tax refund or liability (how much does he owe to the IRS)?
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To calculate Sergios tax refund or liability we need to determine his taxable income and then apply the appropriate tax rates and deductions Calculate ...
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South Western Federal Taxation 2014 Comprehensive Volume
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
37th Edition
1285180925, 978-1285180922
