Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

View previc Problem 1-50 (LO 1-3, 1-4) Xavier and his wife Maria have total W-2 income of $76,844. They will file their tax return as

image text in transcribedimage text in transcribed

View previc Problem 1-50 (LO 1-3, 1-4) Xavier and his wife Maria have total W-2 income of $76,844. They will file their tax return as married filing jointly. They had a total of $6,425 withheld from their paychecks for federal income tax. Required: Determine the amount of refund or additional tax due upon filing their tax return. (Input your answer as a positive number.) Use the appropriate Tax Tables. Additional tax due Additional tax due Amount of refund Single least But less than Married Marned filing filing sepa- rately ointly Head of a house- hold Your tax is- 75,000 0 DA 75,000 75,050 75,100 75,150 75,200 75,050 75,100 75,150 75,200 75,250 75,300 75,350 75,400 75,450 75,500 75,550 75,600 75,650 75,700 75,750 12,364 12 375 12.386 12,397 12,408 12,419 12,430 12.441 12,452 12,463 8,615 8,621 8,627 8,633 8,639 8,645 8,651 8,657 8,663 8,669 12,364 12,375 12,386 12,397 12,408 12,419 12,430 12.441 12.452 12,463 75,250 75,300 75,350 75,400 75,450 75,500 75,550 75,600 75,650 75,700 10,944 10,955 10.966 10,977 10,988 10,999 11.010 11,021 11,032 11,043 11,054 11,066 11,076 11,087 11,098 11,109 11,120 11.131 11.142 11,153 12,474 12,485 12.496 12,507 12.518 8,675 8,681 8,687 8,693 8,699 12,474 12,485 12,496 12,507 12,518 75,750 75,800 75,850 75,900 75,950 75,800 75,850 75,900 75,950 76,000 12.529 12 540 12,551 12,562 12,573 8,705 8,711 8,717 12,529 12,540 12.551 12,562 12,573 8,723 8,729 76,000 76,000 76,050 76,100 76,150 76,200 76,050 76,100 76,150 76.200 76,250 8,735 8,741 8,747 8.753 8,759 12,584 12.595 12,606 12.617 12,628 11,164 11,175 11,186 11,197 11,208 12,584 12,595 12,606 12,617 12,628 12,639 12,650 12.661 12,672 12,683 76,250 76,300 76,350 76,400 76,450 76,500 76,550 76,600 76,650 76,700 76,300 76,350 76,400 76,450 76,500 76,550 76,600 76,650 76,700 76,750 8,765 8,771 8,777 8,783 8,789 8,795 8,801 8,807 8,813 RR19 8,825 8,831 8,837 8,843 8,849 12,694 12.705 12,716 12,727 12.73 12,639 12,650 12,661 12,672 12,683 12,694 12,705 12,716 12,727 12.738 12,749 12,760 12,771 12,782 12,793 11,219 11,230 11,241 11,252 11,263 11,274 11,285 11,296 11,307 11.31A 76,750 76,800 76,850 76,900 76,950 76,800 76,850 76,900 76,950 77,000 12.749 12,760 12,771 12.782 12.793 11.329 11,340 11,351 11,362 11,373

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions