Brad and Angie had the following income and deductions during 2016:
$\begin{array}{lr}
\text { Salaries } & \$ 110,000 \
\text { Interest income } & 10,000 \
\text { Itemized deductions } & 16,000 \
\text { Taxes withheld during year } & 15,000
\end{array}$ Calculate Brad and Angie's tax liability due or refund, assuming that they have 2 personal exemptions. They file a joint tax return.

Question

Brad and Angie had the following income and deductions during 2016:
 $\begin{array}{lr}
\text { Salaries } & \$ 110,000 \
\text { Interest income } & 10,000 \
\text { Itemized deductions } & 16,000 \
\text { Taxes withheld during year } & 15,000
\end{array}$ Calculate Brad and Angie's tax liability due or refund, assuming that they have 2 personal exemptions. They file a joint tax return.

Quizplus · Accepted Answer

The Answer of Brad and Angie had the following income and deductions during 2016:
 $\begin{array}{lr}
\text { Salaries } & \$ 110,000 \
\text { Interest income } & 10,000 \
\text { Itemized deductions } & 16,000 \
\text { Taxes withheld during year } & 15,000
\end{array}$ Calculate Brad and Angie's tax liability due or refund, assuming that they have 2 personal exemptions. They file a joint tax return.

Brad and Angie Had the Following Income and Deductions During