Received social security benefits during the year
Federal tax withheld 6,770 6,630
State income tax withheld 900 800
Age 17 18
Social Security numbers 123-45-6788 123-45-6787
Interest paid during the year included the following:
Home mortgage interest (paid to Carmel Federal Savings & Loan) $7,890
Additional information of potential tax consequence follows:
Real estate taxes paid $3,850
Airfare 340
Hotel 170
Compute net tax payable or refund due for the Deckers for 2015. Ignore the child tax credit in your computations. If the Deckers have overpaid, the amount is to be credited toward their taxes for 2016.