Xavier and his wife Maria have total W-2 income of $91,138. They will file their tax return as married filing jointly. They had a total of $8,004 withheld from their paychecks for federal income tax. Determine the amount of refund or additional tax due upon filing their tax return. Note: Input your answer as a positive number. Use the appropriate Tax Tables. Answer is complete but not entirely correct. Additional tax due $3,455

Xavier and his wife Maria have total W-2 income of $91,138. They will file their tax return as married filing jointly. They had a total of $8,004 withheld from their paychecks for federal income tax. Determine the amount of refund or additional tax due upon filing their tax return. Note: Input your answer as a positive number. Use the appropriate Tax Tables. Answer is complete but not entirely correct. Additional tax due $3,455

Fundamentals of Financial Management (MindTap Course List)

14th Edition

ISBN:9781285867977

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 8P: PERSONAL TAXES Joe and Jane Keller are a married couple who file a joint income tax return, where...

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