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the following information relates to two married couples Lanes Waynes Salary (earned by one spouse) $ 32,000 $ 115,000 Interest inomce 1,000 10,000 Deductible I.R.A.
the following information relates to two married couples
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| Lanes | Waynes |
| Salary (earned by one spouse) | $ 32,000 | $ 115,000 | |
| Interest inomce |
| 1,000 | 10,000 |
| Deductible I.R.A. contribution | 5,000 | 0 | |
| Itemized deductions |
| 15,000 | 15,000 |
| Exemptions |
| 8,100 | 8,100 |
| Withholding |
| 700 | 18,700 |
Compute the 2016 tax due or refund due each couple
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