Question

In February of 2019, Mara and Luke were married. During 2020, Mara received $40,000 of compensation from her employer and had $6,000 withheld while Luke received $30,000 of compensation from his employer and had $4,800 withheld. The couple together reported $2,000 of itemized deductions. Mara and Luke filed separately in 2020. What is Mara's tax due or refund for 2020?

Tax Due or Refund (label which it is)

The Mandalorians filed jointly in 2020. Their AGI is $120,000. They reported a $1,000 qualified business income deduction and $26,000 of itemized deductions. They had $18,950 withheld for federal withholding by their employers. They also have two dependent qualifying children under age 17. What is their tax due or refund on their 2020 tax return?

Tax Due or Refund (label which it is)

Answer 1

page=0 0 Answer Mara's tax due or refund po 2020 Mora's Gross income $ 40000 less : Standard deduction $12400 Tarable income $27600 Tax liability = 987.5+ ((27600 -9875)x121) -987.5 +2127 = $3114.50 Tarwith held $6000 Tax due or carefund) = $3114.50 -6000 - $8885.50 =