Joe and Amy Palazzo are married and plan to file a Form1040 joint return. Amy earned 9,500, and Joe earned 33,000 . They have three children. They have earned interest of 876 . Amy contributed 2,500 to her IRA, and Joe contributed 2,900 toward his. Their itemized deductions are 2,175 for real estate tax, 3,890 for home mortgage interest, and 1,230 in charitable contributions. Together, their income tax withholding was 1,670 . Compute Joe and Amy's income tax owed or refund due.
a. 111 refund
b. 352 tax due
c. 111 tax due
d. 352 refund
Question 2
Linear programming problems can always be formulated algebraically, but not always on a spreadsheet.
a. True
b. False
Indicate whether the statement is true or false
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