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QUESTION
From the following information determine the total 2018 tax due for Charlene and Dick Storm, assuming they file a joint return, have three
From the following information determine the total 2018 tax due for Charlene and Dick Storm, assuming they file a joint return, have three dependents, and are not members of a qualified retirement plan. Dick's Wages $66,000 Charlene's Wages 41,000 Dick's Contribution to an IRA 2,000 Charlene's Contribution to an 800 IRA Charlene's SelfEmployment Income 80,000 Tax Preference Items 50,000 General Business Credit 7,000 Housing Interest 13,000 Consumer Interest 2,000 Property Taxes 12,000
