They also qualified for a 1000 tax credit. their employers, Ask an Expert

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Jane and Ed Rochester are married with a two-year-old child who lives with them and whom they support financially. In 2012, Ed and Jane realized the following items of income and expense:

They also qualified for a $1,000 tax credit. Their employers withheld $1,800 in taxes from their paychecks (in the aggregate). Finally, the 2012 standard deduction amount is $11,900 and the 2012 exemption amount is $3,800.

What is the couple's gross income?
What is the couple's adjusted gross income?
What is the couple's taxable income?
What are the couple's taxes due or tax refund

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948014

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