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Robert and John are married and have 5 dependent children and earn a gross biweekly...

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Accounting

Robert and John are married and have 5 dependent children and earn a gross biweekly salary of $6,315. They will also make the following tax-deductible purchases:
Medical expenses: $6,951
Educational expenses: $7,191
When they file their taxes jointly, what will their tax refund be?
Use the following information:
Standard deduction for married couples: $27,700
Biweekly allowance: $165.38 per person
Married_filled_joined.png
married-withholding.jpg
For your final answer proceed as:
Annual Income Tax to be paid or refunded = Total Annual Withholding - Final Income Tax.
If the couple has to pay the government, type the number with a negative sign. For example, -325.
If the couple has to receive a refund from government, type the number without sign. For example, 325.

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