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Find the tax and the tax refund or balance due

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Reference no: EM132726206

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

Qualifying Ford stock dividends 5,000

Problem 1: Take a standard deduction, and compute their tax and the tax refund or balance due. Use 2019 tax law.

Reference no: EM132726206

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