Question: 6. Based on the following data, would Ann and Carl Wilton receive a refund or owe additional taxes? (LO 4.2) Adjusted gross income, $42,686 Itemized

 6. Based on the following data, would Ann and Carl Wilton

6. Based on the following data, would Ann and Carl Wilton receive a refund or owe additional taxes? (LO 4.2) Adjusted gross income, $42,686 Itemized deductions, $24,000 Child care tax credit, $100 Federal income tax withheld, $1,490 Tax rate on taxable income, 10 percent Taxable income would be $ times the average tax rate of 10 percent equals $_ less a tax credit of $100 gives a tax liability of When compared to federal tax withheld ($1,490), the result is an amount owed of $_

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