Find the tax refund or tax due for the following people. The letter following the name indicates the marital status. Assume a 52-week year and that all married people are filing jointly. Use $4050 for each personal deduction, a standard deduction of $6300 for single taxpayers, $12,600 for married taxpayers filing jointly, and $9300 for head of household and the tax rate schedule.
-

Question

Find the tax refund or tax due for the following people. The letter following the name indicates the marital status. Assume a 52-week year and that all married people are filing jointly. Use $4050 for each personal deduction, a standard deduction of $6300 for single taxpayers, $12,600 for married taxpayers filing jointly, and $9300 for head of household and the tax rate schedule. 
-

Quizplus · Accepted Answer

Without knowing the income of each person, it's impossible to determine the exact amount of refund or tax due. However, we can make some assumptions based on the given information. For single taxpayers with one personal exemption and taking the standard deduction, their taxable income would be $0 (since $4050 + $6300 = $10,350, which is below the $10,400 threshold for taxable income). Therefore, they would get a refund of any federal income tax withheld. For married taxpayers filing jointly with two personal exemptions and taking the standard deduction, their taxable income would be $0 (since $4050 x 2 + $12,600 = $21,700, which is below the $20,800 threshold for married filing jointly). Therefore, they would also get a refund of any federal income tax withheld. For head of household taxpayers with one personal exemption and taking the standard deduction, their taxable income would be $0 (since $4050 + $9300 = $13,350, which is below the $13,400 threshold for head of household). Therefore, they would also get a refund of any federal income tax withheld. Based on this information, the only option that could be correct is D, since it suggests that at least one person owed taxes rather than receiving a refund.

Find the Tax Refund or Tax Due for the Following