## Related questions with answers

Davia and Bill are married and file their taxes jointly. Davia's taxable income was $50,675 and Bill's was$32,802. Davia's employer withheld $11,654 in federal taxes. Bill's employer withheld$7,345 in federal taxes. a. What is their combined taxable income? b. Use the tax tables from Lesson 7-1 in this workbook to determine their tax. c. Do they get a refund? d. Find the difference between their tax and the amount withheld by their employers.

Solution

VerifiedGiven:

$\begin{align*} \text{Married filing jointly} \\ \text{Taxable income}&=\$50,675\text{ and }\$32,802 \\ \text{Withheld federal taxes}&=\$11,654\text{ and }\$7,345 \end{align*}$

(a) The combined taxable income is the sum of each taxable income.

$\begin{align*} \text{Taxable income}&=\text{Sum of each taxable income} \\ &=\$50,675+\$32,802 \\ &=\$83,477 \end{align*}$

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