Tax Returns Name Date $ In the United States, people move a little bit faster on April 15". This is the final day to submit an income tax return for the previous year. Of course you can submit them earlier, but sometimes people wait for the last minute. Calculating the estimated tax using the income tax brackets can be a good way to estimate how much you owe. Refer to the Tax Code assignment and use the shortcuts you have calculated to determine how much tax is owed. In this assignment, the individuals are on the verge of filing their taxes. Will they owe tax or will they get a refund? Help these five people make these important tax calculations. At her engineering firm, Kaitlin's adjusted gross income was $72,000 last year. Her employer paid $18,000 in taxes on her behalf. She will be filing her taxes individually this year. Will she owe taxes this year or receive a refund? How much? Kaitlin Task: Calculate her income tax. Winston and his wife file their taxes together each year. Their adjusted gross income was $62,000 last year. He has already paid $7,000 in taxes. Will he and his wife owe taxes this year or receive a refund? How much? Winston Task: Calculate his and his wife's income tax