Question: 11 Based on the following data, will Ann Wilton receive a federal tax refund or owe additional taxes in 2019? (Input the amount as
11 Based on the following data, will Ann Wilton receive a federal tax refund or owe additional taxes in 2019? (Input the amount as a positive value. Round your intermediate calculations and final answer to 2 decimal places. Omit the "$" sign in your response.) Taxable Income 0-$47,630 Tax Rate 15% $47,630-$95,259 20.5% $95,259-$147,667 26% $147,667-$210,371 29% Net income (line 23600) Federal income tax withheld $ 50,790 Deductions to determine net income $ 11,600 $ 7,054 S Total non-refundable tax credit amounts, excluding medical expenses $ 12,159 Medical expenses (Click to select) $ EA $ 2,900
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
