The Kigali's are married and file a joint return. Their AGI (earned income) was $14,610 and federal income tax withholding was $850..They had no itemized deductions and two dependent children, ages 18 and 19.Required:If the Kigali's are entitled to a $4,716 earned income credit, compute their income tax refund. Assume the taxable year is 2023. UseStandard Deduction Table.Tax Refund

The standard deduction for taxpayers who do not itemize deductions on Form 1040, Schedule A, has…

Answered: The Kigali's are married and file a…

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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The Kigali's are married and file a joint return. Their AGI (earned income) was $14,610 and federal income tax withholding was $850 They had no itemized deductions and two dependent children, ages 18 and 19.