Rogue and Gambit filed jointly in 2020. Their AGÍ is $195,000. They reporteda $5,000 qualified business income deduction and $29,500 of itemized deductions. They had $28,950 withheld for federal withholding by their employers. They also have one dependent qualifying child under age 17. What is their tax due or refund on their 2020 tax return? Tax Due or Refund (label which it is)

Rogue and Gambit filed jointly in 2020. Their AGÍ is $195,000. They reporteda $5,000 qualified business income deduction and $29,500 of itemized deductions. They had $28,950 withheld for federal withholding by their employers. They also have one dependent qualifying child under age 17. What is their tax due or refund on their 2020 tax return? Tax Due or Refund (label which it is)

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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