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Guru_Guy
Guru_Guy, Lawyer (JD)
Category: Tax
Satisfied Customers: 2418
Experience:  I am a lawyer who understands tax law and finance.
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WHAT IS THIS YEARS AVERAGE RETURN ON 50000. EARNED AND ...

Customer Question

WHAT IS THIS YEARS AVERAGE RETURN ON 50000. EARNED AND 10000 PAID IN TAXES FOR A FAMILY OF 3
Submitted: 10 years ago.
Category: Tax
Expert:  Guru_Guy replied 10 years ago.
If you have a married couple filing jointly with one child under age 17, take only the standard deduction, earned $50,000 and paid around $10,000 in federal withholding, you should get an approximately $7300 refund.

If you are a single parent head of household with two children under age 17, you would get about $7650 back.

I hope this helps!