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    Business
  3. Study Set
    Fundamentals of Taxation
  4. Exam
    Exam 1: Introduction to Taxation, the Income Tax Formula, and Form 1040ez
  5. Question
    Peter and Penelope Are Married and Have Combined W-2 Income
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Peter and Penelope Are Married and Have Combined W-2 Income

Question 98

Question 98

Multiple Choice

Peter and Penelope are married and have combined W-2 income of $76,861.They paid an additional $529 when they filed their taxes.How much income tax did their employers withhold during the year?


A) $10,232.
B) $6,970.
C) $8,028.
D) $11,290.

Correct Answer:

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