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fabz06 fabz06
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A year ago
Amber and Trent are married filing a joint return and have $13,000 in taxable income. They qualified for $6,557 in earned income tax credits, and their marginal tax rate is 10%. If they had $1,200 in federal taxes withheld, determine their tax due or refund to be received? (Rounded to nearest dollar.)

▸ $100 tax owed

▸ $0 tax owed

▸ $556 refund

▸ $6,457 refund
Textbook 
Personal Finance

Personal Finance


Edition: 2nd
Author:
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KFordKFord
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A year ago
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