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Klawz and Lizzy Bear asked you to help them with their 2021 tax return. They have always filed Married Filing Jointly and taken the standard deduction. They have wages of $100,000 and Ordinary Dividend Income of $5,000. What is their Tax Liability? O $9,190 O $0 O $10,036 O $16,690 O $2,210 27

Klawz and Lizzy Bear asked you to help them with their 2021 tax return. They have always filed Married Filing Jointly and taken the standard deduction. They have wages of $100,000 and Ordinary Dividend Income of $5,000. What is their Tax Liability? O $9,190 O $0 O $10,036 O $16,690 O $2,210 27

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Klawz and Lizzy Bear asked you to help them with their 2021 tax return. They have always filed Married Filing Jointly and taken the standard deduction. They have wages of $100,000 and Ordinary Dividend Income of $5,000. What is their Tax Liability? O $9,190 O $0 O $10,036 O $16,690 O $2,210 27
Transcribed Image Text:Klawz and Lizzy Bear asked you to help them with their 2021 tax return. They have always filed Married Filing Jointly and taken the standard deduction. They have wages of $100,000 and Ordinary Dividend Income of $5,000. What is their Tax Liability? O $9,190 O $0 O $10,036 O $16,690 O $2,210 27
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