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Compute the tax and the tax refund or balance due

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Reference no: EM132494598

Andy and Sally are married and under 50. They have no dependents.

Sally's salary (Federal withholding $3,000) 60,000

Andy's salary (Federal withholding $3,000) 45,000

City of Dallas bonds 1,500

Chase Bank Interest 3,000

GM bonds 5,000

Question 1: Take a standard deduction and compute their tax and the tax refund or balance due:

Reference no: EM132494598

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