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Business, 20.03.2020 11:12 mvtthewisdead

Bruce and Robin Wayne have 3 children living at home under the age of 17.
Calculate their taxes for the 2014 tax year using the following financial information:

$78,000 gross annual combined salaries
$2,000 invested in Bruce's IRA during 2014
$580 in savings account interest
$400 in dividends from Bats Incorporated

300 shares of Guano stock sold for $27 pershare on July 2, 2014. The stock was purchased for $10 per share in 2010. There was a $50 brokerage commission associated with both the purchase and sale of the stock

$4,300 in medical expenses
$9,000 in home mortgage interest
$3,000 given to charity
$2,500 paid in state income taxes
$1,750 paid in local property taxes
$7,460 federal income tax withhold during 2014

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Bruce and Robin Wayne have 3 children living at home under the age of 17.
Calculate their tax...

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