Question
Use 2020 tax law. Ignore March 2021 legislation. Using 2020 Instructions. Take a standard deduction and compute their tax and the tax refund or balance
Use 2020 tax law. Ignore March 2021 legislation. Using 2020 Instructions.
Take a standard deduction and compute their tax and the tax refund or balance due:
Andy and Sally are married and under 50. They have no dependents.
Sallys salary (Federal withholding $3,000) 60,000
Andys salary (Federal withholding $3,000) 45,000
City of Dallas municipal bonds 1,500
Chase Bank Interest 3,000
No-Name, Inc. bonds 5,000
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Using Microsoft Excel And Access 20 For Accounting
Authors: Glenn Owen
5th Edition
133751229X, 9781337512299
