Daniel simmons arrived at the following tax information, Finance Basics

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Daniel simmons arrived at the following tax information

Question: 1. Based on the following information, what is the amount of taxable income?

2. Daniel Simmons arrived at the following tax information:

What amount would Daniel report as taxable income?

3. What would be the average tax rate for a person who paid taxes of $6,435 on taxable income of $40,780?

4. If $4,323 was withheld during the year and taxes owed were $4,122, would the person owe an additional amount or receive a refund? What is the amount?

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Finance Basics: Daniel simmons arrived at the following tax information

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Finance Basics: Daniel simmons arrived at the following tax information

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