Joe & Sandra
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Joe & Sandra are happily married with two children both under 15.
Joe works and gets a W2 that shows Box 1 - 18,000 Box 2 - 500
Sandra works and gets a W2 that shows Box 1- 19500 Box 2 - 800
What is their Tax Due/(Refund)?
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4 Hints: CTC (refundable)? EITC?
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