Determine andrew and carol''s taxable income.

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Andrew and Carol are married and have two dependent children. Andrew is 37 and Carol is 35. In 2014, they have gross income of $95000. Their allowable deductions FOR adjusted gross income total $4000. They have allowable itemized deductions of $12000. Andrew had $3500 withheld from his payback and Carol had $4800 withheld from hers.
(1) Determine Andrew and Carol's taxable income.
(2) Determine Andrew and Carol's income tax.
(3) Determine Andrew and Carol's refund or tax due.

Reference no: EM13548600

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