Question

Joe earned $100,000 in salary and $6,000 in interest income during the year. Joe’s employer withheld...

Joe earned $100,000 in salary and $6,000 in interest income during the year. Joe’s employer withheld $11,000 of federal income taxes from Joe’s paychecks during the year. Joe has one qualifying dependent child who lives with him. Joe qualifies to file as head of household and has $23,000 in itemized deductions. You may use the IRS instructions to form 1040 (2019) for reference.

a. Determine Joe’s tax refund or taxes due. You must show work.

b. Copy and paste the applicable table showing the standard deduction. You may use the book chapter 4, PowerPoints, or the IRS instructions to form 1040

c. Copy and paste the applicable table showing tax rates used.

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Answer #1

Required a

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Required c)

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