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Exercise 13

Avg difficulty 2.5

Doug and Chris are filing jointly. They owe $16,589 in taxes. Throughout the year they had $13,456 withheld from their paychecks, and they can claim an energy credit of $2,500 for purchasing a hybrid vehicle. Determine the amount they will need to pay or will get refunded.

Lee et al., Math in Society, §2.5 Income Taxes, Exercise 13

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Adapted from Math in Society © 2018–2024 Portland Community College Math Instructors. Licensed under CC BY-SA 4.0. Source: Math in Society. Imported at revision 68ee43c.