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TOM AND BETSY WHO ARE MARRIED FILING JOINTLY REPORTED A STANDARD DEDUCTION OF $11,400 ON THEIR 2010 TAX RETURN. THEY PAID $500 TO THE STATE
TOM AND BETSY WHO ARE MARRIED FILING JOINTLY REPORTED A STANDARD DEDUCTION OF $11,400 ON THEIR 2010 TAX RETURN. THEY PAID $500 TO THE STATE FOR INCOME TAXES IN 2010. IN 2011 THEY RECEIVED A $125 REFUND OF STATE TAXES PAID IN 2010 WHAT IS THE AMOUNT THAT TOM AND BETSY NEED TO REPORT ON THEIR 2011 TAX RETURN? A-$0 B-$125 C-$375 D-$500
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Financial Accounting The Impact on Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
9th edition
ISBN: 130565417X, 1305654174, 9781285972572 , 978-1285182964
