Estimating taxable income tax liablity and potential refund, Ask an Expert

Economics

Estimating taxable income, tax liablity, and potential refund. Kara hooks is 24 years old and single, lives in an apartment, and has no dependents. Last year she earned $55,000 as a sales assistant for Business Solutions: $3,910 of her wages was withheld for federal income taxes. In addition, she had interest income of $142. She takes the standard deduction. Calculate her taxable income, tax liability, and tax refund or tax owed.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91953624

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