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Andy and Sally are married and under 50. They have no dependents.
Sally’s salary (Federal withholding $3,000) 60,000
Andy’s salary (Federal withholding $3,000) 45,000
City of Dallas bonds 1,500
Chase Bank Interest 3,000
Qualifying Ford stock dividends 5,000
Take a standard deduction, deduct their personal exemptions, and compute their tax and the tax refund or balance due.
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