What is their refund or balance due?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Hello, Need help on a tax question. I am
suppose to use a California 540.
Here is the info:
California 2020 tax return
Jimmy made $23,400 in wages and $250 is
withheld, His spouse Laura made $56,200 in
wages and had $6900 withheld, they don't
have any dependents and would use the
standard deduction.
What is their refund or balance due?
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