The Kigali's are married and file a joint return. Their AGI (earned income) was $15,410 and federal income tax withholding was $930 They had no itemized deductions and two dependent children, ages 18 and 19. Required: If the Kigali are entitled to a $4,732 earned income credit, compute their income tax refund. Assume the taxable year is 2022. Use Standard Deduction Table. Tax Refund
The Kigali's are married and file a joint return. Their AGI (earned income) was $15,410 and federal income tax withholding was $930 They had no itemized deductions and two dependent children, ages 18 and 19. Required: If the Kigali are entitled to a $4,732 earned income credit, compute their income tax refund. Assume the taxable year is 2022. Use Standard Deduction Table. Tax Refund
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:The Kigali's are married and file a joint return. Their AGI (earned income) was $15,410 and federal income tax withholding was $930.
They had no itemized deductions and two dependent children, ages 18 and 19.
Required:
If the Kigali are entitled to a $4,732 earned income credit, compute their income tax refund. Assume the taxable year is 2022. Use
Standard Deduction Table.
Tax Refund
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