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The Smiths wants to assess their tax situation 2012. Using the information provided in the case, calculate the total tax that the family will pay,
The Smiths wants to assess their tax situation 2012. Using the information provided in the case, calculate the total tax that the family will pay, assuming that Amber and Joel will use any applicable deductions to minimize taxes owing. The purpose of this section is to give the Smiths a preliminary idea of the taxes they will owe for the 2012 taxation year, due April of 2013 and to get an idea of whether they will be receiving a refund next year.
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