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Author Question: James and Becky Harris are filing a joint tax return. Their adjusted gross income for the last year ... (Read 90 times)

Pineappleeh

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on: Jun 24, 2018
James and Becky Harris are filing a joint tax return. Their adjusted gross income for the last year was 85,940. Itemized deductions are 12,200, and they claim 4 exemptions. Together they had 1,155 tax withheld each month from their pay checks. a. What is their tax liability? (Use Exhibit 18-3 or 18-4 from your text) b. Are they entitled to a refund or do they owe additional taxes? How much?

Question 2

Beacon Electronics advertised a portable TV set on sale for 272.49 after a 35 markdown from the original price. What was the original price of the TV set? (Round to the nearest cent)


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Mholman93

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Reply #1 on: Jun 24, 2018
Answer to Question 1




a. 7,751
b. Refund, 6,109


Answer to Question 2

419.22


Pineappleeh

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

AngeliqueG

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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