She takes the standard deduction calculate her taxable


Sophia Johnson is 24 years old and single, lives in an apartment, and has no dependents.

Last year she earned $55,000 as a sales assistant for Office Furniture Rentals, $6,910 of her wages were withheld for federal income taxes. In addition, she had interest income of $142.

She takes the standard deduction. Calculate her taxable income, tax liability, and tax refund or tax owed.

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Financial Management: She takes the standard deduction calculate her taxable
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